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MT HB281
Bill
Status
5/12/2025
Primary Sponsor
Kenneth Walsh
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AI Summary
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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
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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
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Voids any appropriations for reinsurance association member assessments in House Bill No. 2 (the state budget bill) if both bills pass, preventing duplicate appropriations
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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