Laws and Rules


State laws that govern the insurance and securities industries can be found in Montana Code Annotated. The MCA is a compilation of existing Montana laws. Laws are also known as statutes and can only change when the legislature is in session. The MCA is updated a few months after each legislative session.

Administrative rules are regulations establishing how an agency implements a law. Unlike statutes, which change only when the legislature is in session, administrative rules change through an agency process, which allows more flexibility. Agencies are given rulemaking authority through the legislative process (2-4-101, MCA).  Learn more about proposed rules and the adoption process of an Administrative Rule on the Montana Secretary of State Website.

Subscribe to our legal notices email list

Receive notifications of new advisory memos or administrative rules by subscribing to our mailing list.

Subscribe to Mailing List

Securities

In addition to our regulatory function, the securities department has the authority to investigate violations of the Securities Act of Montana. We have jurisdiction over fraudulent securities transactions and have broad enforcement authority to file administrative and injunctive actions and to refer criminal matters to the county attorneys.

Insurance

Our insurance department is charged by statute with regulating the business of insurance to guarantee it is conducted in accordance with the law and in such a way as to protect policyholders and the general public.


Proposed & Newly Adopted Rules


There are specific timelines that must be followed before the adoption of an administrative rules. This process is outlined in 2-4-302, MCA. Below are newly proposed or adopted administrative rules submitted by the Office of the Montana State Auditor, Commissioner of Securities and Insurance.

Topic Notice No: Proposed: Hearing: Comment Deadline: Status:
Repeal of Rules 6-231 7/24/17 N/A 8/29/17 Proposed
Air Ambulance & Hold Harmless Dispute Resolution 6-230 7/24/17 8/14/17 8/22/17 Proposed
Comprehensive Health Care Association and Plan 6-229 11/04/16 N/A 12/08/16
Patient Centered Medical Homes 6-228 10/28/16 11/17/16 11/25/16
Group Disability Income Opt Out 6-227 09/02/16 10/04/16 10/12/16
Credit for Reinsurance 6-226 09/23/16 10/19/16 10/26/16  Adopted
Life Insurance Buyer’s Guide 6-225 10/14/16 11/10/16 11/18/16 Adopted
NAIC Valuation Manual 6-223 09/02/16 N/A 8/18/16 Adopted
Annuity Mortality Tables 6-222 10/28/16 11/17/16 11/25/16 Adopted
Securities Restitution Fund 6-221 02/19/16 03/10/16 03/18/16 Amended
Patient-Centered Medical Homes 6-220 10/29/15 11/25/15 12/02/15 Amended
Reporting by Holding Company Systems 6-219 02/19/16 03/28/16 03/21/16 Adopted
Offerings 6-218 07/30/15 08/20/15 08/28/15 Adopted
Medicare Supplement Insurance 6-216 06/01/15 07/01/15 07/09/15 Adopted
Long-Term Care 6-215 04/20/15 05/20/15 05/28/15 Adopted
Fire Tax 6-214 04/20/15 05/21/15 05/29/15 Adopted
Annual Audited Reports and Establishing Accounting Practices and Procedures to Be Used in Annual Statements 6-213 03/12/15 04/28/15 04/13/15 Adopted
PCMH – Standards for Payment 6-212 10/27/14 12/02/14 12/10/14 Adopted
PCMH – Specific Quality Measures 6-211 08/11/14 09/11/14 09/19/14 Adopted
Patient Centered Medical Homes 6-210 05/22/2014 06/12/14 06/20/14
Network Adequacy Rules 6-208 12/15/14 01/15/15 01/23/15 Adopted
Commercial Bail Bonds 6-207 10/29/15 11/18/15 11/27/15
Continuing Education 6-206 01/21/14 02/20/14 02/28/14 Adopted
PCMH – Qualification 6-205 08/08/14 08/29/14 09/06/14 Adopted
Composition of the Committee 6-204 07/11/13 08/26/13 08/14/13 Adopted
Reporting by Holding Company Systems 6-202 10/07/13 11/12/14 11/20/14 Adopted