™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-12-19 Nonpayment of premiums and contingent liabilities - Effect - Continuation of liability on mortgage clause policy
1.0K chars
If the premium on a policy issued by a mutual insurance company is not paid in cash or in an unconditional note within sixty days after the date of issue of the policy, the policy becomes void and remains void during the period of nonpayment of premium. Upon the payment of the pr…
N.D.C.C. § 26.1-12-20 Separate reserves to be maintained for each kind of insurance written by mutual insurance company
0.5K chars
Every mutual insurance company organized under this chapter shall maintain unearned premium and other reserves separately for each kind of insurance written by it upon the same basis as is required of a domestic stock insurance company transacting the same kind of insurance busin…
N.D.C.C. § 26.1-12-21 Reserve fund may be established - Limitation - Use
0.7K chars
Any mutual insurance company, at a meeting called for that purpose, may provide for the accumulation of a permanent fund, in an amount determined from time to time by the board of directors, by reserving a portion of the net profits for investment as a reserve for the security of…
N.D.C.C. § 26.1-12-22 Investments
0.3K chars
A mutual insurance company organized under this chapter may invest its assets only in accordance with the provisions of the laws of this state relating to the investment of the assets of domestic stock companies transacting the same kind or kinds of insurance business.
