Title 26.1 — Insurance
118 chapters · 1,472 sections in this title.
N.D.C.C. § 26.1-23.1-01 Government self-insurance pools - Regulation - Reinsurance
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1. Any two or more entities that have united to self-insure against their legal liability under chapter 32-12.1 or any state agency that unites with another state agency or political subdivision, or both, to self-insure against their legal liabilities are subject to the provision…
N.D.C.C. § 26.1-23.1-02 Government self-insurance pools not insurers
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Any government self-insurance pool organized under chapter 32-12.1 is not an insurance company or insurer. The coverages provided by the pools and the administration of the pools do not constitute the transaction of insurance business. Participation in a government self-insurance…
N.D.C.C. § 26.1-23.1-03 Government self-insurance pool approval from the commissioner
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Before the insurance commissioner authorizes the operation of a government self-insurance pool, the pool shall provide the following: 1. A financial plan setting forth: a. The insurance coverages to be offered by the pool, applicable deductible levels, and the maximum level of cl…
N.D.C.C. § 26.1-23.1-04 Annual financial statements required - Confidentiality
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1. Every government self-insurance pool authorized by the insurance commissioner shall file with the commissioner on or before March thirty-first of each year an audited statement of its financial condition and business for the year ending on the preceding December thirty-first. …
N.D.C.C. § 26.1-23.1-05 Investment of assets - Subsidiary insurance company coverage
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A government self-insurance pool may only invest its funds and accumulations in those investments described in sections 26.1-05-19 and 26.1-10-02. If a government self-insurance pool investment is made under section 26.1-10-02, a resulting subsidiary insurance company may not wri…
N.D.C.C. § 26.1-23.1-06 Pool reserve records confidential - Open records
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1. Information regarding that portion of the funds or liability reserves of a government self-insured pool established for purposes of satisfying a specific claim or cause of action is confidential. A person is not entitled to discover that portion of the funds or liability reser…
N.D.C.C. § 26.1-23.1-07 Self-insurance contracts - Approval of rates and forms
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No insurance policy, certificate, contract, agreement, or evidence of participation may be issued or delivered by a self-insured government pool nor may any application, rider, or endorsement be used in connection therewith until the rate and form thereof have been filed and appr…
N.D.C.C. § 26.1-23.1-08 Government self-insurance pool - Report
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A government self-insurance pool organized under this chapter shall provide a report to the legislative management by September thirtieth of each even-numbered year. The report must include information on activities of the pool, including the claims activity, claims payment histo…