Laws and Rules

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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.

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Proposed & Newly Adopted Rules

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There are specific timelines that must be followed before the adoption of 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.

 

NOTICE	MAR	HEARING	COMMENT DEADLINE	CERTIFIED	PROPOSED/ ADOPTED
In the matter of the amendment of ARM 6.6.2804 pertaining to the Collection of Stamping Fee	6-274	N/A	9/2/22	7/26/22	Proposed
In the matter of the amendment of ARM 6.10.303 pertaining to the Supervision, Rehabilitation, and Liquidation of Self-Funded Multiple Employer Welfare Arrangements	6-273	N/A	9/2/22	7/26/22	Proposed
In the matter of the amendment of ARM 6.6.706 and 6.6.707 pertaining to Life Insurance Illustrations	6-272	N/A	9/2/22	7/26/22	Proposed
In the matter of the amendment of ARM 6.6.803, 6.6.1101, 6.6.2707, 6.6.2809, and 6.6.5701 pertaining to Annuities, Credit Life and Disability Insurance, Periodic Payment of Premium Taxes, and Surplus Lines Insurance Transactions	6-271	N/A	9/2/22	7/26/22	Proposed
In the matter of the adoption of New Rules I through VIIIand the amendment of ARM 6.6.6707 pertaining to Term and Universal Life Insurance Reserve Financing	6-269	N/A	N/A	N/A	Proposed
In the matter of the amendment of ARM 6.6.3843 and 6.6.3850 pertaining to Credit for Reinsurance and Certified Assuming Insurers – Order	6-270	N/A	N/A	N/A	Adopted
In the matter of the amendment of ARM 6.6.3843 and 6.6.3850 pertaining to Credit for Reinsurance and Certified Assuming Insurers – Order	6-270	N/A	N/A	N/A	Adopted
In the matter of the amendment of ARM 6.6.3843 and 6.6.3850 pertaining to Credit for Reinsurance and Certified Assuming Insurers	6-270	Not Contemplated	6/10/22	N/A	Proposed
In the matter of the adoption of New Rule I pertaining to Group Capital Calculation	6-268	Not Contemplated	6/24/22	5/17/22	Proposed
In the matter of the adoption of New Rule I pertaining to Credit for Reinsurance—Reciprocal Jurisdictions and the amendment of ARM 6.6.3814 pertaining to Forms	6-267	5/5/22	5/13/22	4/5/22	Proposed
In the matter of the adoption of New Rule I pertaining to Credit for Reinsurance – Reciprocal Jurisdictions and the amendment of ARM 6.6.3814 pertaining to Forms	6-267	5/5/22	N/A	5/17/22	Adopted
In the matter of the adoption of New Rule I pertaining to Pharmacy Benefit Manager Definitions and New Rule II pertaining to Pharmacy Benefit Manager Network AdequacyIn the matter of the adoption of New Rules I through V pertaining to the Suitability in Annuity Transactions Act	6-265	11/12/21	11/5/21	11/12/21	Adopted
In the matter of the adoption of New Rules I through V pertaining to the Suitability in Annuity Transactions Act	6-264	8/26/21	8/18/21/22	N/A	Proposed
In the matter of the adoption of New Rules I through VIII pertaining to Surety Insurance Producers Who Sell, Solicit, or Negotiate Commercial Bail BondsAmendment, NCCI workers compensation classifications	6-261 6-262	4/30/21 6/2/20	N/A 7/8/20	5/28/21 7/16/20	Adopted Adopted
Surety Insurance Producers Who Sell, Solicit, or Negotiate Commercial Bail Bonds (Amended Notice 10/23/20)	6-261	4/30/20	5/28/20	10/30/20	Proposed (amended notice)
Amendment, revision of classifications for NCCI Manual for Work Comp	6-260	9/20/19	10/16/19	10/24/19	Adopted
Amendment, Notice of Protection, Montana Life and Health Guaranty Association	6-258	8/23/19	N/A	9/20/19	Adopted
Adopt and amend, annual audited reports, accounting practices, internal audit requirements	6-256	8/23/19	N/A	9/20/19	Adopted
Updates to Securities Rules	6-250	4/30/20	5/21/20	5/29/20	Adopted
Amendment, replacement of life insurance or annuities	6-249	1/12/19	N/A	2/15/19	Adopted
Amendment, NCCI work comp classifications	6-246	9/7/18	10/3/18	10/11/18	Adopted
New rules and amending rules related to Long-Term Care Insurance	6-245	11/2/18	12/11/18	12/19/18	Adopted
Annual audited financial reports	6-244	5/25/18	N/A	6/22/18	Adopted
Amendment, Health Maintenance Organizations	6-243	2/23/18	3/16/18	3/23/18	Adopted
Amendment, Public Adjuster Licensing	6-242	2/1/18	2/15/18	2/23/18	Adopted
Life Insurance Valuation	6-241	1/2/18	N/A	2/9/18	Adopted
Independent Liability Fund	6-240	1/2/18	N/A	2/9/18	Adopted
Credit for Reinsurance	6-239	10/31/17	N/A	11/24/17	Adopted
Patient-Centered Medical Homes	6-238	9/22/17	N/A	10/30/17	Adopted
Medicare Supplement Insurance	6-237	9/22/17	10/12/17	10/20/17	Adopted
Corporate Governance Annual Disclosures	6-236	9/22/17	10/17/17	10/25/17	Adopted
Classification review	6-235	8/21/17	9/11/17	9/22/17	Adopted
Licensing Rules	6-234	8/7/17	N/A	9/1/17	Adopted
Office Rules	6-233	8/7/17	8/24/17	9/1/17	Adopted
Insurance Housekeeping Rules	6-232	8/7/17	N/A	9/1/17	Adopted
Repeal of Rules	6-231	7/24/17	N/A	8/29/17	Adopted
Air Ambulance & Hold Harmless Dispute Resolution	6-230	7/24/17	8/14/17	8/22/17	Adopted