Title 26.1 — Insurance
118 chapters · 1,472 sections in this title.
N.D.C.C. § 26.1-20-01 Title insurance company subject to insurance company requirements
0.5K chars
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
1.2K chars
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
0.6K chars
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
1.6K chars
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…
N.D.C.C. § 26.1-20-05 Title evidence - Examination
0.7K chars
A domestic corporation organized for the purpose of insuring title to real property in this state or of insuring against loss by reason of defective titles to real property, or encumbrances on real property, or a foreign corporation authorized to do business in this state, may no…
N.D.C.C. § 26.1-20-06 Judgment against corporation - Enforcement
1.3K chars
If a corporation fails to satisfy any judgment against it arising out of its liability under any title insurance policy, issued, insured, or assumed by it, within thirty days after the finality of the judgment becomes fixed, the judgment may be enforced against its guaranty fund …