™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-31-01 Reinsurance contract defined
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A reinsurance contract is one by which an insurer contracts with a third person to insure the insurer against loss or liability by reason of an original insurance contract made by the insurer.
N.D.C.C. § 26.1-31-02 Scope of reinsurance contract
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A reinsurance contract is presumed to be a contract of indemnity against liability and not merely against damage.
N.D.C.C. § 26.1-31-03 Interest of insured in reinsurance contract
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The original insured has no interest in a reinsurance contract.
N.D.C.C. § 26.1-31-04 Disclosures required on reinsurance
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When an insurer obtains reinsurance, the insurer shall communicate all the representations of the original insured and all the knowledge and information the insurer possesses, regardless of when acquired, which is material to the risk.
N.D.C.C. § 26.1-31-05 Double insurance defined
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A double insurance exists when the same person is insured by several insurers separately in respect to the same interest.
