The bill proposes revisions to the laws governing statutory appropriations related to the reinsurance program in Montana. It amends Sections 17-7-502 and 33-22-1321 of the Montana Code Annotated (MCA) to establish a statutory appropriation for the reinsurance program account, which is to be administered by the commissioner. The bill specifies that funds in this account, which include assessments collected under 33-22-1313 and any interest earned, are to be used solely for the administration, operation, and claims expenses of the reinsurance program.

Additionally, the bill introduces a coordination instruction that voids appropriations to the commissioner for Montana Reinsurance Association member assessments in House Bill No. 2 if both bills are passed and approved, and if this act contains a statutory appropriation for 33-22-1321. The act is set to take effect immediately upon passage and approval, and it includes a termination date of June 30, 2031.

Statutes affected:
LC Text: 17-7-502, 33-22-1321
HB0281_1(1): 17-7-502, 33-22-1321
HB0281_1(2): 17-7-502, 33-22-1321
HB0281_1(3): 17-7-502, 33-22-1321
HB0281_1(4): 17-7-502, 33-22-1321
HB0281_1(5): 17-7-502, 33-22-1321
HB0281_1(6): 17-7-502, 33-22-1321
HB0281_1(7): 17-7-502, 33-22-1321
HB0281_1: 17-7-502, 33-22-1321
HB0281_2(1): 17-7-502, 33-22-1321
HB0281_2(2): 17-7-502, 33-22-1321
HB0281_2(3): 17-7-502, 33-22-1321
HB0281_2(4): 17-7-502, 33-22-1321
HB0281_2(5): 17-7-502, 33-22-1321
HB0281_2(6): 17-7-502, 33-22-1321
HB0281_2(7): 17-7-502, 33-22-1321
HB0281_2: 17-7-502, 33-22-1321