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Committee hears bill to adopt NAIC pet-insurance standards; proponents say it protects consumers
Business, Labor, and Economic Affairs · January 28, 2025
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Summary
House Bill 78 would adopt the NAIC model act for pet insurance in Montana, standardizing rules to help consumers with veterinary costs. Supporters include the deputy insurance commissioner and independent agents; the bill excludes livestock by statute reference.
Representative Greg Overstreet opened a hearing on House Bill 78, saying the bill—requested by the state auditor—would adopt National Association of Insurance Commissioners model standards for pet insurance. Overstreet noted the measure passed the House 98–2 and said standardized rules…
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