™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-57-01 Definitions
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As used in this chapter: 1. "Administrator" means a person, other than an insurer or creditor, which performs administrative or operational functions pursuant to guaranteed asset protection waiver programs. 2. "Borrower" means a debtor, retail buyer, or lessee, under a finance ag…
N.D.C.C. § 26.1-57-02 Scope
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1. This chapter does not apply to: a. An insurance policy offered by an insurer under the insurance laws of this state; b. A debt cancellation or debt suspension contract offered in compliance with title 12, Code of Federal Regulations, part 37 or title 12, Code of Federal Regula…
N.D.C.C. § 26.1-57-03 Requirements for offering guaranteed asset protection waivers
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1. A guaranteed asset protection waiver may be offered, sold, or provided to a borrower in this state in compliance with this chapter. 2. A guaranteed asset protection waiver may, at the option of the creditor, be sold for a single payment or may be offered with a monthly or peri…
N.D.C.C. § 26.1-57-04 Contractual liability or other insurance policies
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1. Contractual liability or other insurance policies insuring guaranteed asset protection waivers must state the obligation of the insurer to reimburse or pay to the creditor any sums the creditor is legally obligated to waive under the guaranteed asset protection waivers issued …
