On Feb. 27, MT LEG issued bill related to surplus lines insurance, PBM.
MT LEG passed bill HB 60 (LC0102) related to revisions impacting State auditor office.
Document dated Mar. 27, was received on Mar. 13, 2025, due to a fixed feed.
Securities Provisions
Provided for elimination $50 exemption fee for notice filing of security issued by not for private profit but exclusively for religious, educational, benevolent, charitable purpose.
Also removed 20 days grace period prior to such offering a written notice specifying terms of offer and commissioner does not disallow exemption in writing within 20-day.
Revised securities laws related to stock exchanges; amended registration requirements
Amended MT LEG 30-10-307 to allow action to be filed within 1 year after discovery.
Insurance Provisions
Amended MT code annotated MT INS 33-2-306, allowing surplus lines insurers domiciled in Montana to write premium in Montana, subject to annual premium taxes.
Defined insurance producer exchange training requirements in MT INS 33-17-243.
Added provision deductibles, coinsurance, copayment, other limitations imposed for services by telehealth not more than other medical services covered under the plan
Delinquent premium grace period requirements defined; provided notice standards.
Policy may allow written notice of claim to be given to insurer more than 6 months after occurrence of loss covered by policy or as soon after date as reasonably possible.
Set disclosure standard for individual and group policies; removed trend requirement.
Provided that health insurance issuer not liable for payment of interest under MT INS 33-18-232(2) when it timely complies with retrospective review determinations.
Extended termination date of prohibition against pharmacy benefit manager (PBM) requiring federally certified health entities to identify 340B drugs, until Jun. 1, 2029.
Legislative History
On Dec. 20, 2024, bill introduced into House; on Jan. 15, 2025, bill passed the House.
On Jan. 16, 2025, bill introduced in Senate; on Feb. 15, 2025, bill approved in Senate.
On Feb. 20, 2025, bill sent to governor; on Feb. 27, 2025, bill was signed by governor.
Effectiveness
Act effective Oct. 1, 2025; Sections 34, 36, 37 are effective on passage and approval.
Regulators
MT LEG
Entity Types
IA; Ins; Inv Co
Reference
Bill HB 60, 2/27/25; Citation: *MT INS* 33-2-306, 33-18-232, 33-17-243; MT LEG 30-10-307;
