Office of the State Auditor Financial-Compliance Audit for the Two Fiscal Years Ended ... : Report to the Legislature 2002

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Office of the State Auditor Financial-Compliance Audit for the Two Fiscal Years Ended ... : Report to the Legislature 2002
Montana. Legislature. Legislative Audit Division
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The Central Management Division is responsible for the administrative, budgeting, personnel, and accounting functions of Page 1 Introduction the office. The division also provides the State Auditor support as he fiilfills his duties on the State Land Board and the Crop Hail Insurance Board. (10 FTE) 2. The Insurance Division regulates the insurance industry in Montana. Its duties include resolving insurance consumer inquiries and complaints involving agents, coverage, and companies; licensing a...nd reviewing the market and financial condition of insurance companies; collecting the insurance premium tax; reviewing rates and reviewing and approving forms used by insurance companies; licensing, testing, and administering a continuing education program for all agents seeking to conduct insurance business in the state; and investigating insurance code and rule violations. (47.5 FTE) 3. The Securities Division is responsible for the administration and enforcement of the Securities Act of Montana.

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