™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-26.3-01 Definitions
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As used in this chapter: 1. "Actuary" means a person who is a member in good standing of the American academy of actuaries. 2. "Insurer" means any person, firm, association, or corporation duly licensed in this state as an insurance company pursuant to this title. 3. "Managing ge…
N.D.C.C. § 26.1-26.3-02 Licensure
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1. No individual, partnership, corporation, or limited liability company may act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the individual, partnership, corporation, or limited liability com…
N.D.C.C. § 26.1-26.3-03 Required contract provisions
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No individual, partnership, corporation, or limited liability company acting in the capacity of a managing general agent may place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party and when…
N.D.C.C. § 26.1-26.3-04 Duties of insurers
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1. The insurer shall have on file, in a form acceptable to the commissioner, an independent financial examination of each managing general agent with which it has done business. 2. If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinio…
