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House Business and Labor tables study of Montana State Fund after testimony from insurer
Summary
The House Business and Labor committee voted 11-9 to table House Joint Resolution 68, a study resolution on the Montana State Fund, after the fund’s representative said the study would duplicate existing oversight and members pressed for access to requested data.
Representative Curtis Schomer introduced House Joint Resolution 68, a nonbinding study measure asking the legislature to examine the Montana State Fund, and said he would hear proponents and opponents before the committee reached a conclusion.
Nick Mazanec, testifying on behalf of Montana State Fund, told the committee the resolution was unnecessary. "This study duplicates existing regulatory oversight," Mazanec said, arguing the fund already undergoes statutory audits, market conduct and financial exams, and legislative oversight. He noted the insurer files rate information with the state…
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