Montana State Legislature
State Auditor's Office
STATE AUDITOR'S OFFICE
Agency Leadership
Troy Downing, Commissioner of Securities & Insurance, State Auditor
Elected Official
Agency Website
Agency Overview
The State Auditor's Office is the state government regulator of the insurance and securities industries and advocate for the citizens of Montana. The State Auditor:
- Regulates certain securities activities in Montana, including registration or filing of securities, registration, examination, investigation, and discipline of broker-dealers, investment advisers, or other securities salespersons.
- Regulates certain insurance products, insurers, and insurance producers in Montana as well as certain aspects of health service corporations and health maintenance organizations.
- Collects premium taxes on insurance policies.
- Oversees transfers of insurance premium taxes to certain pension and disability trust funds, and transfer from the general fund for fire department relief associations.
- Oversees a repository of information, including for public bonds issued for major economic development projects, transition bonds, industrial development bonds, or bonds issued by the Montana Facility Finance Authority.
- Oversees the Montana Living Trust Act and the Securities Restitution Assistance Fund.
Boards of other entities to which the State Auditor is statutorily assigned
- Land Board
- Board of Hail Insurance (administratively attached to the Department of Agriculture)
- Montana Reinsurance Association
- Board of State Canvassers
Legislative Audits
- SAO Financial-Compliance Audit (22-20); August 2023
- SAO Financial-Compliance Audit (20-20); March 2021
Statutorily Required Reports to Economic Affairs
- Interstate Insurance Product Regulation Compact Report; use in accordance with 33-39-101 MCA
- 07/11/2023: Montana Reinsurance Association Annual Report; use in accordance with 33-22-1308 MCA; 2023 Annual Report
Reports to the Legislature Related to Economic Affairs
Meeting Participation
March 2024:
- Memo: Captive Insurance- A Potential Solution for Daycare Facilities
- Memo: Reinsurance- Could an Association Assist with Daycare Insurance Premiums?
January 2024:
July 2023:
- State Auditor's Office Duties/Responsibilities Agency Overview
