24.29.4335    INSURER LEGAL FEES REPORTING REQUIREMENTS

(1) All insurers shall report, on a per-claim basis, the amount of the insurer's legal fees and costs, including fees paid to expert witnesses, that have been paid to date by the insurer, associated with each indemnity claim. That information must be reported on the subsequent report required by ARM 24.29.4321.

(2) If an insurer uses in-house counsel, and the insurer does not allocate the cost of in-house counsel directly to specific claims, the insurer shall report as required by ARM  24.29.4336.

History: 39-71-203, MCA; IMP, 39-71-225, MCA; NEW, 1995 MAR p. 675, Eff. 5/1/95; AMD, 2006 MAR p. 546, Eff. 2/24/06.