™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-10.2-01 Definitions
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1. "Insurance group" means those insurers and affiliates included within an insurance holding company system as defined in chapter 26.1-10. 2. "Insurer" has the same meaning as set forth in section 26.1-29-02, except the term does not include agencies, authorities, or instrumenta…
N.D.C.C. § 26.1-10.2-02 Risk management framework
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An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on the material and relevant risks of the insurer. This requirement may be satisfied if the insurance group of which the insurer is a membe…
N.D.C.C. § 26.1-10.2-03 Own risk and solvency assessment requirement
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Subject to section 26.1-10.2-05, an insurer, or the insurance group of which the insurer is a member, regularly shall conduct an own risk and solvency assessment consistent with a process comparable to the own risk and solvency assessment guidance manual. The own risk and solvenc…
N.D.C.C. § 26.1-10.2-04 Own risk and solvency assessment summary report
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1. Upon the commissioner's request, and no more than once each year, an insurer shall submit to the commissioner an own risk and solvency assessment summary report or any combination of reports that together contain the information described in the own risk and solvency assessmen…
