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Montana approves private share insurance

DUBLIN, OH (December 7, 2017) — American Share Insurance, the nation’s only alternative to federal share insurance, announced today that they have been approved to provide primary share insurance in the State of Montana. The Company reports that its application was subject to review and consideration by Montana’s Division of Banking and Financial Institutions and the Commissioner of Securities and Insurance, and that they had recently received formal approvals from both state regulators.

American Share President and CEO, Dennis Adams, reported that, “This makes a total of 10 states of operation for the Company and its primary share insurance program – the largest number of states of operation in the 43‐year history of the fund.” Adams added, “We are excited about the opportunity to offer Montana’s credit unions an alternative to federal share insurance, and we look forward to a long and professional working relationship with our future business partners in this great state.”

 


About American Share Insurance

American Share is a member‐owned share guaranty corporation, licensed by the Ohio Department of Insurance, and dual‐regulated by the Ohio Departments of Insurance and Commerce. The corporation insures up to $250,000 on each and every account of an individual member. For more information, please call 1.800.521.6342, or contact David Kettlehake at dkettlehake@AmericanShare.com.

Contacts

Dennis R. Adams
President/CEO
800.521.6342

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