This bill aims to enhance consumer protection by revising laws related to unfair financial planning practices and insurance regulations. It prohibits insurance producers from presenting themselves as financial planners or advisors unless they hold recognized certifications and outlines specific disclosure requirements when engaging in financial planning. Additionally, the bill establishes that insurance producers must have written agreements with clients regarding fees for financial planning services, ensuring transparency and accountability in their practices.

The bill also amends several sections of the Montana Code Annotated (MCA) to address unfair claim settlement practices, misrepresentation in advertising, and the handling of complaints by insurers. Key amendments include clarifying the definitions of unfair practices, enhancing the requirements for claims processing, and ensuring that insurers maintain accessible records for examination. The effective date for these changes is set for January 1, 2026, allowing time for compliance with the new regulations.

Statutes affected:
LC Text: 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(1): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(2): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(3): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(4): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(5): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(6): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1(7): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_1: 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(1): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(10): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(11): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(12): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(13): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(14): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(15): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(2): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(3): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(4): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(5): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(6): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(7): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(8): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2(9): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_2: 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(1): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(10): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(11): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(12): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(13): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(2): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(3): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(4): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(5): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(6): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(7): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(8): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X(9): 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001
HB0114_X: 33-18-201, 33-18-202, 33-18-203, 33-18-501, 33-18-1001