Title 4 — Economic Resources
115 chapters · 1,861 sections in this title.
4 CMC § 7401 Short title
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7401. Short title. This chapter may be cited as the Uniform Insurers Liquidation Act. Source: PL 3-107, § 23, modified. Commission Comment: PL 3-107, § 23, the Uniform Insurers Liquidation Act, was originally codified entirely a…
4 CMC § 7402 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7402. Definitions. For the purpose of this chapter: (a) “Ancillary state” means any state other than a domiciliary state; (b) “Court” means the Commonwealth Trial Court; (c) “Delinquency proceeding” means any proceeding commence…
4 CMC § 7403 Conduct of Delinquency Proceedings Against Insurers Domiciled in the Commonwealth
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7403. Conduct of Delinquency Proceedings Against Insurers Domiciled in the Commonwealth. (a) Whenever, under the laws of the Commonwealth, a receiver is to be appointed in delinquency proceedings for an insurer domiciled in the …
4 CMC § 7404 Conduct of Delinquency Proceedings Against Insurers Not Domiciled in the Commonwealth
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7404. Conduct of Delinquency Proceedings Against Insurers Not Domiciled in the Commonwealth. (a) Whenever under the laws of the Commonwealth an ancillary receiver is to be appointed in delinquency proceedings for an insurer not …
4 CMC § 7405 Filing and Proving of Claims of Nonresidents Against Delinquent Insurers Domiciled in the Commonwealth
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7405. Filing and Proving of Claims of Nonresidents Against Delinquent Insurers Domiciled in the Commonwealth. (a) In a delinquency proceeding begun in the Commonwealth against an insurer domiciled in the Commonwealth, claimants …
4 CMC § 7406 Filing and Proving of Claims of Residents Against Delinquent Insurers Domiciled in Reciprocal States
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7406. Filing and Proving of Claims of Residents Against Delinquent Insurers Domiciled in Reciprocal States. (a) In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the …
4 CMC § 7407 Priority of Preferred Claims
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7407. Priority of Preferred Claims. (a) In a delinquency proceeding against an insurer domiciled in the Commonwealth, claims owing to residents of ancillary states shall be preferred claims, if like claims are preferred under th…
4 CMC § 7408 Priority of Special Deposit Claims
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7408. Priority of Special Deposit Claims. The owners of special deposit claims against an insurer for which a receiver is appointed in any state shall be given priority against their several special deposits in accordance with t…
4 CMC § 7409 Priority of Secured Claims
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7409. Priority of Secured Claims. The owner of a secured claim against an insurer for which a receiver has been appointed in any state may surrender his or her security and file a claim as a general creditor, or the claim may be…
4 CMC § 7410 Attachment and Garnishment of Assets
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7410. Attachment and Garnishment of Assets. During the pendency of delinquency proceedings in the Commonwealth or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment, or execution shall be c…
4 CMC § 7411 Right of Domiciliary Receiver to Sue in the Commonwealth
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7411. Right of Domiciliary Receiver to Sue in the Commonwealth. The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in the Commonwealth to recover any assets of such insurer to which the domiciliary re…
4 CMC § 7412 Uniformity of Interpretation
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TITLE 4: ECONOMIC RESOURCES DIVISION 7: INSURANCE § 7412. Uniformity of Interpretation. This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states that enact it. Source: PL 3-107, § 23, modified. Commission Comm…
4 CMC § 8401 Short Title
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8401. Short Title. This Chapter may be cited as the Public Utilities Commission Act. Source: PL 12-39, § 1(b) (8301), modified; repealed and reenacted by PL 15-35, § 2 (8401), modified. Commission Comment: PL 12-39, § 1(b), inco…
4 CMC § 8402 Definitions
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8402. Definitions. As used in this Chapter: (a) “Cable television company” means any person or corporation that owns, controls, administers, operates, manages, provides or resells, in full or in part, directly or indirectly, any…
4 CMC § 8403 Public Utilities Commission: Establishment and Commissioners
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TITLE 4: ECONOMIC RESOURCES § 8403 DIVISION 8: UTILITIES § 8403. Public Utilities Commission: Establishment and Commissioners. (a) There is established in the Commonwealth government the Public Utilities Commission, a regulatory agency, in accordance with Article III, Section 15 …
4 CMC § 8404 Compensation of Commissioners
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TITLE 4: ECONOMIC RESOURCES § 8404 DIVISION 8: UTILITIES § 8404. Compensation of Commissioners. The Commissioners shall be compensated at a monthly rate of $800.00 per commissioner, expect the Chairperson shall receive $1,000.00 monthly, provided all scheduled monthly meetings ar…
4 CMC § 8405 Cause for Dismissal
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8405. Cause for Dismissal. In accordance with Article III, Section 21 of the NMI Constitution, the Governor may dismiss a Commissioner only for one or more of the following causes: (a) Gross neglect or dereliction of duty; (b) B…
4 CMC § 8406 Operation of Commission
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TITLE 4: ECONOMIC RESOURCES § 8406 DIVISION 8: UTILITIES § 8406. Operation of Commission. (a) The Commission may employ agents, employees, hearing examiners, legal counsel, or contract for services, specialists, experts, or professionals as individuals or as organizations to advi…
4 CMC § 8407 Operation of Commission: Additional
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8407. Operation of Commission: Additional. (a) Notwithstanding any other provision of law, the Commission may meet for purposes of gathering information on entities and requesting, demanding, and accepting reports and documents …
4 CMC § 8408 Annual Report
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8408. Annual Report. The Commission shall prepare and present to the Governor and to the presiding officers of the Legislature, in January of each year, a report regarding its actions during the preceding fiscal year, if any, to…
4 CMC § 8411 General Powers and Duties
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TITLE 4: ECONOMIC RESOURCES § 8411 DIVISION 8: UTILITIES § 8411. General Powers and Duties. The Commission shall have regulatory oversight supervision over each regulated entity as set forth in this Chapter and shall perform the duties and exercise the powers imposed or conferred…
4 CMC § 8412 Powers
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8412. Powers. The Commission shall have the following powers which it may exercise in carrying out its mandate to regulate rates: (a) To examine the financial records of each regulated, including but not limited to, all bank rec…
4 CMC § 8413 Valuations
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8413. Valuations. The Commission may cause a valuation to be made to ascertain for any purpose specified in this Chapter the value of the property of any entity and every fact and element of value which in its judgment may have …
4 CMC § 8414 Compelling Attendance of Witnesses
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8414. Compelling Attendance of Witnesses. In all investigations made by the Commission and in all proceedings before it, the Commission shall have the same powers respecting administering oaths, compelling the attendance of witn…
4 CMC § 8415 Enforcement Powers
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8415. Enforcement Powers. The Commission may: (a) Carry out public hearings and investigations; (b) Issue subpoenas, orders to show cause and citations with warning of contempt. Any subpoena or citation with warning of contempt …
4 CMC § 8416 Consumer Counsel
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8416. Consumer Counsel. In any proceeding before the Commission, the Consumer Counsel of the Office of the Attorney General may intervene and participate as a party. Source: PL 15-35, § 2 (8414), modified.
4 CMC § 8421 Notice of Hearings
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8421. Notice of Hearings. Whenever an investigation or proceeding is undertaken by the Commission, reasonable notice in writing of such fact and of the subject or subjects of the investigation or proceeding shall be given to the…
4 CMC § 8422 Public Hearings
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8422. Public Hearings. The Commission shall hold public hearings on any change in proposed rates or charges. (a) The notice of public hearing herein provided for shall plainly state the rates, charges, or assessment costs propos…
4 CMC § 8423 Right to Be Represented By Counsel
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8423. Right to be Represented by Counsel. At any investigation by or proceeding before the Commission, the entity concerned shall have the right to be present and represented by counsel, to present any evidence desired, and to c…
4 CMC § 8424 Rule-making Authority: Procedures and Fees
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TITLE 4: ECONOMIC RESOURCES § 8424 DIVISION 8: UTILITIES § 8424. Rule-making Authority: Procedures and Fees. In the hearings before it, the Commission may establish its own procedures for the conduct of hearings and the admission of evidence. The Commission shall not be bound by …
4 CMC § 8426 Review of Rates; Operating Cost of Commission
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TITLE 4: ECONOMIC RESOURCES § 8426 DIVISION 8: UTILITIES § 8426. Review of Rates; Operating Cost of Commission. (a) In addition to every other responsibility imposed upon the Commission by this Chapter, it shall within three-hundred-sixty-five days after the Commission first meet…
4 CMC § 8427 Public Utilities Commission Revolving Fund
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TITLE 4: ECONOMIC RESOURCES § 8427 DIVISION 8: UTILITIES § 8427. Public Utilities Commission Revolving Fund. A Public Utilities Commission Fund shall be established for the use of the Commission consisting of all financial amounts as may be placed therein pursuant to the provisio…
4 CMC § 8431 Regulated Entities to Furnish Information
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8431. Regulated Entities to Furnish Information. Every regulated entity shall at all times, upon request, furnish to the Commission all information that it may require respecting any of the matters concerning rates and charges, …
4 CMC § 8432 Rate Publication
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8432. Rate Publication. All regulated rates, assessment costs, classifications, charges, and rules of every entity shall be published by the entity in such manner as the Commission may require and copies furnished to any person …
4 CMC § 8433 Compliance
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8433. Compliance. Notwithstanding any other provision of law, no rate or charge for any regulated entity shall become effective without the approval of the Commission. In this respect a regulated entity shall comply with this Ch…
4 CMC § 8436 Penalties
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8436. Penalties. Except where otherwise required in this Chapter, any person or entity violating or neglecting or failing in any particular way to conform to or comply with this Chapter or any lawful order of the Commission shal…
4 CMC § 8437 Perjury
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8437. Perjury. Any person who willfully and knowingly makes under oath any false statement in connection with any investigation by or proceeding before the Commission shall be guilty of perjury, and upon conviction, shall be sub…
4 CMC § 8441 Application of Interstate or Foreign Commerce
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8441. Application to Interstate or Foreign Commerce. This Chapter and every provision thereof shall apply to commerce with foreign nations or to interstate commerce except insofar as such application is not permitted under the C…
4 CMC § 8442 Rate Structure and Approval Procedures
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8442. Rate Structure and Approval Procedures. (a) A regulated entity may not charge or receive compensation for any regulated service or product other than through the rates, rents, fees and charges approved by the Commission. (…
4 CMC § 8443 Methods and Procedures for Establishing Rates, Charges and Rents
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8443. Methods and Procedures for Establishing Rates, Charges and Rents. (a) The Commission shall establish the procedures and methods to be followed in setting and approving rates, charges and rents for entities’ services. The m…
4 CMC § 8444 Procedure for Implementing or Modifying Rates, Charges or Rents
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8444. Procedure for Implementing or Modifying, Rates, Charges or Rents. The following procedures shall apply when implementing or modifying changes in rates, charges, and rents for an entity’s services unless the Commission dete…
4 CMC § 8445 Suspension of Proposed Rates, Charges or Rents
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8445. Suspension of Proposed Rates, Charges or Rents. (a) After having initiated a hearing to consider a proposed rate change and while said hearing and the decision on same are pending, the Commission may suspend the applicatio…
4 CMC § 8446 Fixing of Just and Reasonable Rates, Charges or Rents
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8446. Fixing of Just and Reasonable Rates, Charges and Rents. (a) If, as part of a complaint, or an authorization process for changing rates, charges, or rents, or under an investigation order issued by the Commission at its own…
4 CMC § 8447 Service Outages
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8447. Service Outages. The Commission may order a regulated entity to credit or rebate its customers a proportion of such customer’s basic service fee if there has been a service outage or a series of service outages and such ou…
4 CMC § 8448 Complaints to the Commission; Violations and Penalties
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8448. Complaints to the Commission; Violations and Penalties. (a) Customer complaints to the Commission regarding the operation of a regulated entity shall be filed in writing with the Commission. The Commission shall take up su…
4 CMC § 8449 Judicial Review
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8449. Judicial Review. Any person aggrieved by a final Action of the Commission may seek judicial review pursuant to 1 CMC § 9112 et seq. within thirty days of its issuance. Such review shall be limited to questions of law, the …
4 CMC § 8450 Interim Rules and Regulations
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8450. Interim Rules and Regulations. Except as provided herein, the regulations, standards, procedures, and all other such aspects related to the regulation of the functions and operations of the regulated entities that may be i…
4 CMC § 8451 Rates, Charges and Assessments
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8451. Rates, Charges and Assessments. All rates, charges, assessments, and costs made or charged by any public utility shall be just and reasonable and in conformance with public law. (a) The Commission shall regulate all rates,…
4 CMC § 8452 Divestiture of Capital
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8452. Divestiture of Capital. All public utilities shall obtain prior approval of the Commission for the significant divestiture, transference of operations, sale or lease of production or transmittal of electrical, water, or wa…
4 CMC § 8453 Expansion of Production Facilities
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TITLE 4: ECONOMIC RESOURCES DIVISION 8: UTILITIES § 8453. Expansion of Production Facilities. All public utilities must obtain prior approval of the Commission for the significant purchase of capital for the production or transmission of electricity, water, or treatment of wastew…