The standard policy is a valued policy as defined under section 26.1-30-03. An insurance policy in the form prescribed by section 26.1-39-06 is subject to the rules of construction as to its effect or the waiver of any of its provisions which would apply if the form had not been prescribed.
Construction of standard fire policy
N.D.C.C. § 26.1-39-08 — under Property and Casualty Insurance.
N.D.C.C. § 26.1-39-08