118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-11-01 Conditions to be complied with by foreign company before transacting insurance business in state
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A foreign insurance company may not take any risk or transact insurance business in this state, either directly or indirectly, until it has: 1. Deposited with the commissioner a certified copy of its articles of incorporation. 2. Deposited with the commissioner a statement of its…
N.D.C.C. § 26.1-11-02 Liability of officers, agents, and stockholders of noncomplying foreign company - Penalty
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Any failure to comply with section 26.1-11-01 renders each officer, agent, and stockholder of any foreign insurance company failing to comply therewith jointly and severally liable on all contracts of the company made within this state during the time the company is in default. E…
N.D.C.C. § 26.1-11-03 Failure to comply with conditions renders contracts void on behalf of company - Enforcement against company
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A contract made by or on behalf of any foreign insurance company doing business in this state without first complying with section 26.1-11-01 or 26.1-11-04 is void and unenforceable on behalf of the company and its assigns, but the contract may be enforced against the company.
N.D.C.C. § 26.1-11-04 Foreign life company required to maintain funds or stop writing business - Penalty
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When the actual funds of any foreign life insurance company authorized to do business in this state are not of a net value equal to the net value of its policies according to the combined experience or actuaries' rate of mortality, with interest at four percent per annum, or by s…