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118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-37-01 Scope
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1. This chapter may be cited as the "Consumer Credit Insurance Model Act". 2. All consumer credit insurance issued or sold in connection with loans or other credit transactions for personal, family, or household purposes is subject to the provisions of this chapter, except: a. In…
N.D.C.C. § 26.1-37-02 Definitions
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For the purposes of this chapter: 1. "Closed-end credit" means a credit transaction that does not meet the definition of open-end credit. 2. "Collateral" means personal property that is pledged as security for the satisfaction of a debt. 3. "Consumer credit insurance" is a genera…
N.D.C.C. § 26.1-37-03 Issuance of policies and certificates
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All credit insurance subject to this chapter may be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business therein and may be issued only through holders of licenses or authorizations issued by the commissioner.
N.D.C.C. § 26.1-37-04.1 Types of consumer credit insurance
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The types of consumer credit insurance defined in section 26.1-37-02 may each be written separately or in combination with other types of consumer credit insurance on an individual policy or group policy basis. The commissioner may by rule prohibit or limit any combination.
