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MT HB281

Bill

Status

Passed

5/12/2025

Primary Sponsor

Kenneth Walsh

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Adds section 33-22-1321 to Montana's list of laws containing statutory appropriations, allowing the Montana Reinsurance Association to spend member assessment funds without requiring biennial legislative appropriation

  • Designates money in the reinsurance program account as statutorily appropriated to the Insurance Commissioner for administration, operation, and claims expenses of the state reinsurance program

  • Voids any appropriations for reinsurance association member assessments in House Bill No. 2 (the state budget bill) if both bills pass, preventing duplicate appropriations

  • Takes effect immediately upon passage and approval, with a termination date of June 30, 2031

Legislative Description

Provide statutory appropriation of reinsurance program assessments

Appropriations

Last Action

Chapter Number Assigned

5/16/2025

Committee Referrals

Finance and Claims2/14/2025
Appropriations1/23/2025

Full Bill Text

No bill text available