Title 26.1 — Insurance

As used in this chapter: 1. "Blanket bond" means a bond that covers collectively all public employees and public officials. 2. "Fund" means the state bonding fund. 3. "International peace garden" means an entity located upon the international boundary line between the United Stat…

The attorney general shall act as legal counsel for the office in any proceeding to which the office is a party on behalf of the fund.

Investment of the fund is under the supervision of the state investment board in accordance with chapter 21-10.

Unless otherwise provided, the bond provided under this chapter is a blanket bond. The blanket bond is a fidelity bond. The blanket bond is conditioned on the public employee or public official, as principal, rendering a true account of all moneys and property possessed as a publ…

1. The amount of coverage afforded to each state agency or political subdivision must be determined by the office based upon the amount of money or property handled and the opportunity for defalcation. Except as otherwise required by law, the minimum amount of coverage must equal…

Repealed by S.L. 2025, ch. 274, § 19.

Repealed by S.L. 2025, ch. 274, § 19. 26.1-21-09.1. Bonds of agents appointed to distribute hunting and fishing licenses or stamps - Assessment - Determination of eligibility. The annual assessment for a bond of an agent appointed by the director of the game and fish department t…

1. Each state agency and political subdivision shall apply to be bonded in the fund at least once per biennium or when a change in coverage is requested, whichever occurs first. Unless an application is denied within sixty days from the date it is received by the office, the appl…

Repealed by S.L. 1997, ch. 286, § 11.

Repealed by S.L. 1997, ch. 286, § 11. 26.1-21-11. Claims - Limitation on filing of claims against fund - Register of claims - Review and payment of claims. 1. Within sixty days after the discovery of any default or wrongful act on the part of any public employee or public officia…

1. Upon notification from the office of jeopardized fund interests under section 26.1-21-02, the state auditor may investigate the relevant state agency or political subdivision and may provide a report to the office regarding any findings. 2. The state auditor may evaluate the b…

Repealed by S.L. 2025, ch. 274, § 19. 26.1-21-14. Action against the fund - Failure to act is disallowance - Limitation - Interest. 1. An action may not be brought against the fund until a claim has been presented to the office under this chapter and the office has refused to all…

If the office determines the interests of the fund are jeopardized by the misconduct or inefficiency of any public official, the office may bring an action against the public official to require complete disclosure of the business of the state agency or political subdivision of w…

Repealed by S.L. 2025, ch. 274, § 19.

The office may reinsure any liability in excess of twenty-five thousand dollars for any one public official, or group of public officials and public employees under a blanket bond, at a cost not exceeding the assessment under this chapter. The cost of reinsurance must be paid fro…

Repealed by S.L. 2025, ch. 274, § 19.

1. If a bond or bond coverage for a public employee or public official is canceled under section 26.1-21-19, the public official or public employee may purchase a bond from an authorized surety company for a coverage amount determined by the office. The public official or public …