This bill amends existing laws to establish a statutory appropriation for reinsurance association member assessments in Montana. Specifically, it revises Sections 17-7-502 and 33-22-1321 of the Montana Code Annotated (MCA). The bill introduces a new provision that the funds in the reinsurance program account are statutorily appropriated to the commissioner for specific purposes related to the administration and operation of the reinsurance program. Additionally, it specifies that the account will receive all assessments collected under a related section, along with any interest and other funds accepted for the account's benefit.

The bill also includes a coordination instruction that voids certain appropriations if both this act and House Bill No. 2 are passed and approved. Furthermore, it establishes an immediate effective date upon passage and approval, with a termination date set for June 30, 2031. This ensures that the statutory appropriation for the reinsurance program is in place for a defined period, allowing for the necessary funding to support the program's operations and claims expenses.

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(10): 17-7-502, 33-22-1321
HB0281_2(11): 17-7-502, 33-22-1321
HB0281_2(12): 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(8): 17-7-502, 33-22-1321
HB0281_2(9): 17-7-502, 33-22-1321
HB0281_2: 17-7-502, 33-22-1321
HB0281_X(1): 17-7-502, 33-22-1321
HB0281_X(2): 17-7-502, 33-22-1321
HB0281_X(3): 17-7-502, 33-22-1321
HB0281_X(4): 17-7-502, 33-22-1321
HB0281_X: 17-7-502, 33-22-1321