Title 26.1 — Insurance
118 chapters · 1,472 sections in this title.
N.D.C.C. § 26.1-22-01 Definitions
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As used in this chapter: 1. "Fund" means the state fire and tornado fund. 2. "Indirect loss" means a loss in income or the additional expenses incurred because of a property loss. 3. "International peace garden" means an entity located upon the international boundary line between…
N.D.C.C. § 26.1-22-02.1 Insurance against indirect losses
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The office shall provide, upon request of an entity insured under the fund, coverage for an indirect loss arising out of a peril insured against by the fund. The coverage provided by the fund must be an amount that is subject to the underwriting guidelines developed by the office…
N.D.C.C. § 26.1-22-03.1 North Dakota insurance reserve fund - Producers - Commission
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The North Dakota insurance reserve fund may use the services of producers licensed under this title to assist policyholders. Any commission paid to a producer under this section must be paid out of the assessment income of the fund and must be assessed against the policyholders t…
N.D.C.C. § 26.1-22-04 Investment of fund
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Investment of the fund is under the supervision of the state investment board in accordance with chapter 21-10. 26.1-22-05. Public, international peace garden, and winter show buildings insurable in fund. Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-06 Commissioner to adopt guidelines on insurable values
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-06.1 Replacement cost appraisal required on state-owned property
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-07 Certain property of state and of Bank of North Dakota excepted
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Repealed by S.L. 1989, ch. 357, § 3. 26.1-22-08. Townships and school districts have option as to insurance on certain property. Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-09 Buildings reported to office - Replacement cost appraisal
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1. In each odd-numbered year, or upon application for insurance, every state agency, political subdivision, and winter show insured under the fund shall report to the office the insurable value of each building, excluding buildings insured by private insurance companies, and the …
N.D.C.C. § 26.1-22-10.1 State-owned property - Insured at replacement cost
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-10.2 School district - Leased property - Insurability
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Expired under S.L. 2015, ch. 155, § 6.
N.D.C.C. § 26.1-22-11 Arbitration of value or loss
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1. If the office and the state agency, political subdivision, or winter show having custody of any property disagree about the insurable value of the property or the amount of loss insured, the office and the state agency, political subdivision, or winter show may agree to have t…
N.D.C.C. § 26.1-22-12 Policy fee
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Repealed by S.L. 1989, ch. 357, § 3.
N.D.C.C. § 26.1-22-13 Reserve balance - Payment of loss
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Repealed by S.L. 2025, ch. 275, § 17. 26.1-22-14. Assessments - Collections - Minimum fund balance - Bond and borrowing authorization. 1. Upon providing insurance coverage under this chapter, the office shall certify to the insured the amount of the assessment. The state agency, …
N.D.C.C. § 26.1-22-15 Collection of premiums and assessments
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-16 Unreasonably hazardous risks - Mitigation - Insurance cancellation
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If the office finds any risk is unreasonably hazardous, the office may require the state agency, political subdivision, or winter show having control of the risk to mitigate or remove the extra hazard. If the state agency, political subdivision, or winter show fails to mitigate o…
N.D.C.C. § 26.1-22-17 Losses - Limitation
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1. All losses by the perils insured against under this chapter must be paid out of the fund in an amount not exceeding the amount of the insurance upon any particular risk. The loss upon any building or property insured in the fund, whether totally destroyed or partially damaged …
N.D.C.C. § 26.1-22-18 Arbitration of loss
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-19 Repair or replacement of destroyed buildings
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-20 Replacement of policies
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Repealed by S.L. 1989, ch. 357, § 3.
N.D.C.C. § 26.1-22-21 Excess loss reinsurance - Insurance broker of record
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1. The office shall procure and shall keep in force excess loss reinsurance naming the fund as the reinsured. The excess loss reinsurance must be in an amount and for a period determined by the office to be sufficient for the fund. The reinsurance contract must reimburse the fund…
N.D.C.C. § 26.1-22-21.1 Insurance broker of record
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Repealed by S.L. 2025, ch. 275, § 17.
N.D.C.C. § 26.1-22-22 Waiver of subrogation rights during construction
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The office may waive any right of the fund to recover for damage sustained by any structure as a result of fire or explosion caused by a contractor, its employees or agents, in the performance of a contract for the alteration of, or the construction of an addition to, a building …