North Dakota Code 26.1-02-22 – Accepting reinsurance of unauthorized company prohibited
Current as of: 2023 | Check for updates
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An insurance or surety company may not assume the whole or any part of any risk covering property located in this state, as a reinsurance company or in any other manner, insured by any insurance company not authorized to transact business in this state.
Terms Used In North Dakota Code 26.1-02-22
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49