Administrative Rules of Montana
Department 24 - LABOR AND INDUSTRY
Chapter 24.182 - BOARD OF PRIVATE SECURITY
Subchapter 24.182.4 - General Provisions
Rule 24.182.405 - INSURANCE AND SURETY BOND REQUIREMENTS

Universal Citation: MT Admin Rules 24.182.405

Current through Register Vol. 6, March 25, 2022

(1) Persons regulated by Title 37, chapter 60, MCA, and licensed as follows shall file a yearly certificate of insurance with the board:

(a) Private investigators shall maintain a minimum of $500,000 occurrence form of commercial general liability which includes personal injury.
(i) If licensed with armed status, private investigators shall be covered by liability for firearms coverage.

(b) Electronic security companies shall maintain a minimum of $500,000 occurrence form of commercial general liability which includes personal injury and errors and omissions coverage.

(c) Contract and proprietary security companies shall maintain a minimum of $500,000 occurrence form of commercial general liability which includes personal injury.
(i) If licensed with armed status, employees of contract and proprietary security companies shall carry liability for firearms coverage

(d) Certified firearms instructors (CFIs) shall maintain a minimum of $500,000 occurrence form of commercial general liability which includes personal injury and errors and omissions coverage.

(2) Process servers shall maintain a surety bond in the amount of $10,000 for an individual or $100,000 for a firm. A levying officer may not levy on a judgment that exceeds the value of the bond.

(3) Private investigators with a firearms endorsement, CFIs, and contract and proprietary security companies who employ security guards with firearms endorsements must carry firearms liability coverage.

(4) Except as provided in this rule, all licensees must be insured by a carrier:

(a) licensed in the state in which the insurance was purchased and covered by that state's insolvency fund; or

(b) licensed in the state of Montana.

(5) Each licensee shall direct and authorize the insurance carrier to inform the board if the coverage or surety bond is canceled or allowed to lapse.

(6) Licensees must maintain the insurance coverage, surety bond, and firearms liability coverage required by this rule at all times of active licensure status or place their licenses on inactive status. Failure to carry current insurance during active licensure status is grounds for administrative suspension.

Mont. Admin. R. 24.182.405

NEW, 1984 MAR p. 815, Eff. 5/18/84; AMD, 1986 MAR p. 946, Eff. 5/30/86; AMD, 1986 MAR p. 1898, Eff. 11/15/86; AMD, 1987 MAR p. 1779, Eff. 10/16/87; AMD, 1990 MAR p. 1772, Eff. 9/14/90; AMD, 1993 MAR p. 2413, Eff. 10/15/93; AMD, 1997 MAR p. 633, Eff. 4/8/97; TRANS, from Commerce, & AMD, 2005 MAR p. 1926, Eff. 10/7/05; AMD, 2017 MAR p. 1957, Eff. 10/28/2017

AUTH: 37-1-131, 37-60-202, MCA IMP: 25-1-1111, 37-1-131, 37-1-321, 37-60-202, MCA

This section was updated on 11/1/2017 by overlay.

Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.