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Crime Insurance in Montana: Bank Transfer Procedures and Limits

A useful Montana crime review starts with who can take company money or property and how employees approve checks, payroll, vendor invoices, and wires. Montana's current 2025 code explains when an unauthorized payment order may be treated as a customer's order under an agreed commercially reasonable bank security procedure, and separately describes the customer's notice duty after an unauthorized order. These rules address the bank relationship; ask for the issued policy's distinct coverages, limits, and reporting terms.

What Is Crime Insurance?

Crime insurance can help reimburse specified business losses from theft and fraud, including employee theft and forgery. Compare those protections separately and ask whether a payment sent after an impersonation scam is covered. Read the national Crime guide.

What Should You Watch for With Crime Insurance in Montana?

  • Keep the bank’s procedure and any declined alternatives

    Montana Code Annotated §30-4A-202 makes an order effective as the customer's order under stated conditions when the bank and customer agreed to a commercially reasonable security procedure and the bank acted in good faith and followed the applicable agreement or recorded instructions. Commercial reasonableness considers the customer's wishes, payment pattern, alternatives offered, and similar practices; the statute also describes when a customer-selected procedure after rejecting an alternative is deemed reasonable. Preserve the agreement and ask the broker how transfer and social-engineering losses are addressed under the policy. 1

  • Separate bank notice from policy reporting

    Section 30-4A-204 says failure to use ordinary care and notify the bank within a reasonable time capped at 90 days after bank notification removes interest on a refund; late notification alone does not entitle the bank to recover from the customer. This rule does not create a 90-day insurance reporting window. Ask the insurer's notice, discovery, proof-of-loss, and cooperation terms and follow them promptly. 2

  • Ask about your own loss, not only required bonds

    A surety bond can protect a customer or obligee if a business fails a specified duty; crime insurance is intended to address defined first-party losses only as the policy states. For this guide, focus on employee dishonesty, forged checks, money in transit, computer or funds-transfer fraud, and social engineering. If a wire is diverted, the FBI says to contact the financial institution immediately and report BEC to IC3. 3

Which Crime Insurance Providers Have Montana License Records?

These providers publish a national listing for Crime; the license records below name the licensed entities and roles. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Montana. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • Coalition

    Insurance producer, Surplus-lines broker · checked 2026-09-28

    Coalition Insurance Solutions, Inc.

    Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only. 20

    Coalition offers crime insurance through its executive-risks product for private and nonprofit US organizations.

  • Corgi

    Insurance producer · checked 2026-09-28

    Corgi Insurance Services, Inc.

    Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 21

    Corgi lists crime insurance among its main policies.

  • Vouch

    Insurance producer, Surplus-lines broker · checked 2026-09-28

    Vouch Specialty Insurance Services, LLC

    Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. 25

    As of September 16, 2026, Vouch lists crime among the coverages in its technology-company programs.

Who Regulates Insurance in Montana?

Montana Commissioner of Securities and Insurance

The Commissioner of Securities and Insurance regulates Montana insurers and producers and acts as a consumer advocate. The office accepts written or online complaints about insurers and insurance professionals. 4,5,6

Website
Regulator website
License lookup
Search licensed producers
Complaints
File a complaint
Phone
800-332-6148

Surplus-Lines Tax and Stamping Office in Montana

Reported tax rate. 2.75% of total premium (0.75% for legal professional liability) + 2.50% fire tax on applicable fire premium + 0.175% SLIP+ transaction fee on total premium 7,8,10,11

Montana requires an eligible surplus-lines insurer and a statutory placement path when it is the insured’s home state. Before placement, the producing producer must advise you that the insurer is unauthorized in Montana and is not subject to the same supervision as an authorized insurer, and that if the surplus-lines insurer becomes insolvent, Montana’s property-and-casualty guaranty fund will not pay losses under the surplus-lines coverage. Confirm the applicable placement route and tax and fee bases with the producer.

  • Montana surplus-lines placement routes: When Montana is home state, §33-2-302 generally calls for an eligible insurer and evidence that the line or full amount is unavailable from authorized insurers (or, at renewal, has not become available). The evidence routes are a diligent search of at least three insurers actually writing that line in Montana (or the smaller actual market), the kind appearing on the current Approved Risk List, or natural-disaster multiperil coverage. The list names kinds and classes; it does not prove that a particular business or BOP qualifies. Section 302 separately waives search requirements for an authorized quote with a premium rate at least 10% above the eligible unauthorized quote, if commissioner-approved disclosure is provided; and for a qualifying exempt commercial purchaser (ECP), after disclosure that coverage may or may not be available from an authorized insurer that may provide greater protection with more regulatory oversight, followed by the purchaser’s later written request. Under §318, an ECP must employ or retain a qualified risk manager as defined in §319, have paid over $100,000 in nationwide commercial P&C premiums in the prior 12 months, and meet one additional §318(1)(c) criterion. Some financial thresholds adjust every five years. 10,11,9,13,16,17
  • Check the fire-tax allocation on a commercial package: Section 33-2-311 generally requires the surplus-lines producer to collect and pay the tax when Montana is home state, subject to §33-2-323. For a single-state risk with Montana as home state, §33-2-323(4) requires submission to the Commissioner, who collects the tax. Ask the producer which filing and payment route applies. CSI’s July 2026 guide lists code 1005, Commercial Package (Property & Casualty), with a 50% presumptively reasonable allocation and a 1.25% effective fire-tax rate. Treat this as an example: verify the code and allocation used for the policy; do not assume every BOP is classified as code 1005. CSI’s current schedule sets annual tax due dates (quarterly tax payments are accepted) and separate quarterly SLIP+ transaction-fee deadlines. 12,15,14,18

What Should You Ask Before Buying Crime Insurance in Montana?

  1. Which grant and limit would be considered for employee theft of cash, securities, inventory, or other company property?
  2. What separate limits, sublimits, retentions, or safeguards apply to employee dishonesty, forged checks, computer fraud, funds-transfer fraud, and social engineering?
  3. What bank security procedure did the bank offer and what steps are recorded in the customer agreement?
  4. What are the policy's discovery, notice, proof-of-loss, and cooperation deadlines, apart from bank notice requirements?
  5. If a vendor impersonation redirects a wire, what immediate bank, law-enforcement, and insurer notifications should we make?

Crime Insurance in Montana: Frequently Asked Questions

Does Montana’s 90-day notice rule apply to my crime-policy claim?

No. Section 30-4A-204 addresses reporting an unauthorized payment order to the receiving bank and the effect on interest on a refund. Check the policy for the insurer's notice and proof-of-loss terms. 2

Does §30-4A-202 decide whether a fraudulent wire is insured?

No. It addresses when a bank may treat a payment order as the customer's order. The insurance decision depends on the policy wording and claim facts. 1

Crime Insurance Guides for Other States

Other coverage in MontanaEvery coverage guide for Montana, plus the regulator and surplus-lines details.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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