How many days in advance must every form be filed with the Commissioner in Montana before its use?

In Montana, the requirement is that all forms must be filed with the Commissioner at least 60 days in advance of their intended use. This filing period is set to ensure that the Commissioner has adequate time to review and approve the forms before they are used in the marketplace. This process is designed to safeguard consumers and ensure compliance with state regulations, allowing time to address any issues or necessary changes.

The rationale behind a 60-day advance filing period is to allow for thorough review, ensuring that the forms comply with state laws and protect consumer interests. It also helps maintain a level playing field among insurers, as they must adhere to the same timeline for filing and waiting for approval. This timeframe supports the overarching goal of effective regulation in the insurance industry within Montana.