Montana Code Annotated Title 33 Chapter 16

What this document is

Montana Code Annotated Title 33 Chapter 16 - Rates -- Rating and Advisory Organizations (33-16-101 through 33-16-1036) is a state statute published by Montana Legislative Services Division (mca.legmt.gov). It is one of the Montana documents that insurance license exam questions are written from, including montana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Mont. Code Ann. Sec. 33-16-201(1), (1)(a), (1)(b) (Standards applicable to rates)

  “(1) (a) Rates may not be excessive or inadequate, and they may not be unfairly discriminatory. (b) A rate may not be held to be excessive unless the rate is unreasonably high for the insurance provided and a reasonable degree of competition does not exist in the area with respect to the...”

• Mont. Code Ann. Sec. 33-16-203(2), (2)(a), (2)(b) (Rates filed)

  “Rates filed must provide for a premium reduction to: (a) qualified insured operators who are 55 years of age or older in accordance with 33-16-222; or (b) qualified members of the Montana national guard in accordance with 33-16-230.”

• Mont. Code Ann. Sec. 33-16-222 (Requirement for rate reduction)

  “(1) Any rates, rating schedules, or rating manuals for liability, bodily injury, or collision coverages of a motor vehicle insurance policy filed with the insurance department must provide for an appropriate premium reduction as determined by the insurer for an insured operator of a covered vehicle...”

• Mont. Code Ann. Sec. 33-16-223 (Effective period of reduction)

  “(1) The premium reduction required by 33-16-222 is effective for an insured for a 3-year period after successful completion of the approved course. Each person shall take an approved course every 3 years in order to continue to be eligible for the reduction in premium required by 33-16-222. (2) An...”

• Mont. Code Ann. Sec. 33-16-230(1)(a) (Rate reduction for military defensive drivers, effective period, exclusions)

  “Any rates, rating schedules, or rating manuals for liability, bodily injury, or collision coverages of a motor vehicle insurance policy filed with the insurance department must provide for an appropriate premium reduction as determined by the insurer for a member of the Montana national guard who...”

• Mont. Code Ann. Sec. 33-16-102(4) (Definitions, rating organization)

  “"Rating organization" means each person, other than an admitted insurer, whether located within or outside this state, with the object or purpose of making rates, rating plans, or rating systems. Two or more admitted insurers who act in concert for the purpose of making rates, rating plans, or...”

• Mont. Code Ann. Sec. 33-16-117(1), (1)(a), (2) (Wildfire risk score in residential property evaluation in rating)

  “An insurer that uses a wildfire risk score in connection with property evaluation in rating of residential real property shall, on the request of an insured, the insured's insurance producer, or an applicant for residential property insurance coverage for the wildfire risk score, provide the...”

• Mont. Code Ann. Sec. 33-16-203(1) (Rates filed)

  “Every insurer, rating organization, or advisory organization shall file with the commissioner all rates intended for use within this state, together with supporting data sufficient to substantiate the filing. The filing required by this subsection may be made by rating organizations on behalf of...”

• Mont. Code Ann. Sec. 33-16-204(1), (2) (Review of rates on request by aggrieved person)

  “(1) A person aggrieved by any rate charged, rating plan, rating system, or underwriting rule followed or adopted by an insurer or rating organization may request the insurer or rating organization to review the manner in which the rate, plan, system, or rule has been applied with respect to...”

• Mont. Code Ann. Sec. 33-16-224 (Certificate)

  “The organization offering the approved course shall issue a certificate to each person who successfully completes the course that qualifies the person for the premium discount required by 33-16-222.”

• Mont. Code Ann. Sec. 33-16-1026 (Rate filings, workers' compensation)

  “(1) A workers' compensation advisory organization shall file with the commissioner: (a) workers' compensation rates and rating plans that are limited to prospective loss costs; (b) each workers' compensation policy form to be used by its members or subscribers; (c) the uniform classification plan...”

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More Montana sources

• Mont. Code Ann. s. 33-18-201: Unfair claim settlement practices prohibitedState statute
• Mont. Code Ann. s. 33-18-202: Misrepresentation and false advertising of policies prohibitedState statute
• Mont. Code Ann. ss. 33-20-104 to 33-20-119: Standard life insurance policy provisionsState statute
• Mont. Code Ann. s. 33-17-1001: Suspension, revocation, or refusal of licenseState statute
• Montana Code Annotated Title 33 Chapter 15 - The Insurance Contract (33-15-101 through 33-15-1126)State statute
• Montana Code Annotated Title 33 Chapter 17 - Insurance Producers, Adjusters, Consultants and Administrators (33-17-101 through 33-17-1205)State statute
• Montana Code Annotated Title 33 Chapter 20 - Life Insurance and Annuity Contracts (33-20-101 through 33-20-1606)State statute
• Montana Code Annotated Title 33 Chapter 22 Parts 1-6 - Disability Insurance: general provisions, individual policy provisions, coverage requirements, group and blanket (33-22-101 through 33-22-604)State statute