™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-20-01 Title insurance company subject to insurance company requirements
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Every domestic or foreign corporation organized for the purpose of insuring titles to real property in this state or of insuring against loss by reason of defective titles thereto, or encumbrances thereon, is subject to and shall comply with all the requirements of the laws of th…
N.D.C.C. § 26.1-20-02 Capital stock and surplus requirement
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A domestic corporation organized for the purpose of insuring titles to real property in this state or of insuring against loss by reason of defective titles to real property, or encumbrances on real property, may not be incorporated unless it has an authorized capital of not less…
N.D.C.C. § 26.1-20-03 Surplus to constitute guaranty fund - Deposit
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The surplus provided for in section 26.1-20-02 constitutes a guaranty fund, which must be invested in securities as provided by section 26.1-05-19, and be duly deposited with the commissioner, and the commissioner's certification of that deposit must be procured, as provided by l…
N.D.C.C. § 26.1-20-04 Limitation on risks
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1. Except as provided in subsection 2, a title insurance company may issue a title insurance policy on property located in this state involving a potential policy liability up to ninety percent of the sum of the company's surplus as regards policyholders and statutory premium res…
