6.6.4023    COMMISSIONER APPROVAL

(1) Written documentation explaining the insurer's internal guidelines and controls governing derivative transactions shall be submitted for approval to the commissioner. The commissioner shall have the authority to disapprove the guidelines and controls proposed by the insurer if the insurer cannot demonstrate the proposed internal guidelines and controls would be adequate to manage the risks associated with the derivative transactions the insurer intends to engage in.

History: 33-1-313, 33-12-111, MCA; IMP, 33-12-210, 33-12-310, MCA; NEW, 2011 MAR p.1303, Eff. 7/15/11.