Montana Captive Insurance Laws
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Montana Captive Laws
2007 Montana Code Annotated (MCA) Title 33 Chapter
28 Effective upon signature by Governor
Schweitzer, Spring 2007.
Highlights
of Key Changes:
Allows captives
to use organize as any type of recognized business entity, including
LLC, LLP, For Profit Corporations, Not For Profit Corporations, etc.
Reduces
capitalization by 50% for fronted and deductible programs
Significantly
reduces capital requirements for protected cell captives, particularly
for those with fewer than 10 cells
Creates a special licensing category
for risk retention groups
Expands pure captives and branch
captives ability to insure health plans
Allows pure captives to write
"controlled unaffiliated business entities"
Codifies an administrative rule
allowing captives to file annual reports on a fiscal year basis
Senate Bill 161 (2007) Changes to MCA 33-28 2005 Effective April 2005. Includes
Administrative Rules applying to captives and RRGs.
Montana Captive Laws (2005) Montana Code Annotated (MCA) Title 33 Chapter 28 Effective April 2005. Includes
Administrative Rules applying to captives and RRGs.
