Administrative Rules of Montana Department 6 - STATE AUDITOR
Here’s a refined overview of Department 6 – State Auditor in the Michigan Administrative Rules of Montana (ARM):
🏛️ Department 6 – STATE AUDITOR
Comprises these chapters: (law.cornell.edu, regulations.justia.com)
6.1 – Organizational Rule
6.2 – Overall Office Rules
6.3–6.5 – Reserved
6.6 – Insurance Department
6.7–6.9 – Reserved
6.10 – Securities Department
6.11 – Reserved
6.12 – Securities Department (continued)
6.13 – Reserved
6.14 – Audit Department (law.cornell.edu, regulations.justia.com)
📌 Highlights from Notable Chapters
Chapter 6.6 – Insurance Department
Offers detailed regulations governing insurance operations under the State Auditor’s role as Commissioner of Securities & Insurance.
Subchapter 6.6.31 (Long-Term Care Insurance):
Rule 6.6.3109A mandates issuers to keep records of agent replacement/lapse rates and report annually, including actuarial certifications by May 1 each year (csimt.gov, regulations.justia.com).
Subchapter 6.6.68 (Captive Insurance Companies):
Rule 6.6.6811 requires an annual independent CPA audit filed within 180 days of fiscal year-end, detailing internal controls, financial statements, and actuary-certified reserves. Waivers are possible for minimal business (regulations.justia.com).
Subchapter 6.6.35: Covers annual auditing & accounting practices (searched via ARM 6.6.3507) (rules.mt.gov).
Chapter 6.10 & 6.12 – Securities Department
Manage regulations for brokerage firms and investment advisers (Subchapter 6.10.5) (rules.mt.gov).
Chapter 6.14 – Audit Department
Subchapter 6.14.1: Wage assignments
Subchapter 6.14.2: Voluntary payroll deductions (regulations.justia.com)
Chapters 6.1–6.2 – Agency Structure & Procedures
6.1 outlines the office’s organizational framework.
6.2 sets internal operational standards.
Recently, a new petition rule (New Rule I) was proposed (MAR Notice 6‑291, certified Aug 27 2024) to define how the CSI processes rulemaking petitions, with a 60‑day timeline for response (regulations.justia.com, csimt.gov).
📚 Accessing Full Text & Updates
Justia and Cornell LII host complete ARM Title 6 for browsing by chapter & subchapter (law.cornell.edu).
The Montana Secretary of State’s ARM Gateway provides official, current rule texts and register entries.
✅ Summary
Dept. 6 is divided into organizational, insurance, securities, and audit divisions, with several reserved slots for future use.
Insurance rules (6.6) include detailed financial reporting, captive insurer oversight, and actuarial standards.
Securities rules regulate broker-dealer/adviser conduct.
Auditing sections tackle payroll-related governance.
Recent updates include formalizing rule-petition processes.
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