Title 26.1 — Insurance
118 chapters · 1,472 sections in this title.
N.D.C.C. § 26.1-48-01 Definitions
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As used in this chapter: 1. "Aftermarket risk insurance" means aircraft and aircraft component product and completed operations liability insurance that conforms with sections 26.1-48-02 and 26.1-48-03. 2. "Aircraft" means general aviation light craft that is powered and intended…
N.D.C.C. § 26.1-48-02 North Dakota aftermarket risk contract
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The sale of aircraft and aircraft components sold by an aviation manufacturer and the performance of any modification, maintenance, alteration, repair, or installation of components in aircraft in this state are governed by an aftermarket risk contract. The contract between the s…
N.D.C.C. § 26.1-48-03 Aftermarket risk insurance requirements - Encumbrances
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1. An aftermarket risk insurance policy purchased pursuant to section 26.1-48-02 must hold harmless all aviation manufacturers that manufactured, modified, maintained, repaired, or altered the aircraft or aircraft component assembled or first sold in this state. 2. The aviation m…
N.D.C.C. § 26.1-48-04 Stabilization of aftermarket risk insurance market
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1. An aviation manufacturer and a purchaser of an aircraft or aircraft component which intend to be bound by North Dakota law must be covered by insurance that meets the requirements of insurance laws of this state. The sales contract must include a dispute resolution procedure f…
N.D.C.C. § 26.1-48-05 Financial responsibility
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An owner of an aircraft or aircraft component manufactured in this state shall provide proof of financial responsibility in the amount of one hundred thousand dollars, per occurrence, for property damage and personal injury or death on the ground resulting from the use of the air…