Mont. Admin. r. 24.29.4336

Current through Register Vol. 1, January 10, 2025

Rule 24.29.4336 - IN-HOUSE COUNSEL COST ALLOCATION

(1) Insurers that use the services of in-house counsel for assistance in handling Montana indemnity claims shall report the cost of that legal assistance.

(2) If the insurer does not separately track in-house legal costs on a per claim basis, the insurer shall report annually upon request by the department:

(a) the dollar amount that represents the following information about the cost of in-house legal staff:

(i) total compensation (salary and cost of benefits and employer contributions) of all attorneys who provide counsel on indemnity claims;

(ii) total compensation of support staff (such as secretaries, paralegals, and assistants) working for those attorneys; and

(iii) overhead costs attributable to the legal staff, such as a proportionate share of rent or building expense and administrative costs, such as payroll and accounting; and

(b) a percentage figure that reasonably approximates the percentage of time spent by the attorneys providing advice, counsel or representation on indemnity claims.

Mont. Admin. r. 24.29.4336

NEW, 1995 MAR p. 856, Eff. 5/1/95; AMD, 2024 MAR p. 1066, Eff. 5/11/2024

AUTH: 39-71-203, MCA; IMP: 39-71-225, MCA