Applicability of general insurance laws to mutual companies

N.D.C.C. § 26.1-12-13 — under Incorporated Mutual Insurance Companies.

N.D.C.C. § 26.1-12-13

In all respects not specifically provided for in this chapter, mutual insurance companies organized under this chapter are subject to the provisions of this title relating to insurance companies generally.

26.1-12-14. Membership in domestic mutual insurance company - Votes of members - Notice of meetings. Every member of a domestic mutual insurance company organized under this chapter is a member of the company while the policy is in force. A member may be an insured or owner of a policy as provided in the bylaws of the company. Every member of the company is entitled to

one vote. Every member must be notified of the time and place of the holding of the meetings of the company by a written notice or by an imprint on each policy, receipt, or certificate of renewal as follows: The member is hereby notified that by virtue of this policy you are a member of ___________ mutual insurance company, and that the annual meetings of such company are held at its home office on the ________ day of __________ in each year at _____ o'clock. When the blanks in the notice are properly filled, the notice is sufficient.

26.1-12-15. Corporations, limited liability companies, associations, boards, and estates may become member of mutual insurance company - Rights and liabilities. Any public or private corporation, limited liability company, board, or association in this state or elsewhere may make applications and enter into agreements for, and hold, policies in any mutual insurance company organized under this chapter. Any officer, stockholder, trustee, manager, member, governor, or legal representative of the corporation, limited liability company, board, association, or the representative of an estate may be recognized as acting for or on its behalf for the purpose of the membership but is not liable personally upon the insurance contract by reason of acting in the representative capacity. The right of any corporation or limited liability company organized under the laws of this state to participate as a member of any mutual insurance company is declared to be incidental to the purpose for which the corporation or limited liability company is organized and granted as fully as the rights and powers expressly conferred upon it.