Title 26.1 — Insurance
118 chapters · 1,472 sections in this title.
N.D.C.C. § 26.1-34.1-01 Application for certificate of exemption to issue gift annuities
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A domestic or foreign corporation organized and operated exclusively as, or for the purpose of aiding, an educational, religious, charitable, scientific, or philanthropic institution and which is organized as a nonprofit organization without profit to any person, may apply to the…
N.D.C.C. § 26.1-34.1-02 Issuance of certificate of exemption to issue gift annuities
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The commissioner shall issue a certificate of exemption if: 1. All requirements of this chapter have been met; and 2. The commissioner is satisfied that the corporation is in a position to competently execute its responsibilities relative to such annuity contracts.
N.D.C.C. § 26.1-34.1-03 Segregated account
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1. Every corporation possessing a certificate of exemption shall maintain a segregated account for all of its gift annuity liabilities. 2. The assets of the segregated account are not liable for any debts of the corporation other than those incurred pursuant to this chapter. 3. T…
N.D.C.C. § 26.1-34.1-04 Contents of annuity contract or policy form
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Each charitable annuity contract or policy form used or issued by the corporation must include at least the following information: 1. The value of the property to be transferred; 2. The amount of the periodic annuity benefits to be paid; 3. The manner in which and the intervals a…
N.D.C.C. § 26.1-34.1-05 Continued compliance
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The commissioner may require that a corporation possessing a certificate of exemption submit periodically any report the commissioner determines to be desirable or necessary to ascertain compliance with requirements of this chapter. The commissioner, whenever the commissioner det…
N.D.C.C. § 26.1-34.1-07 Other applicable code provisions
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Except as prescribed in this chapter, the corporation is otherwise exempt from the provisions of this code and other insurance laws.