North Dakota Code 26.1-03.1-09 – Supplemental provisions – Rules – Exemption
Current as of: 2023 | Check for updates
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1. This chapter is supplemental to any other laws of this state, and does not preclude or limit any other powers or duties of the commissioner under these laws, including chapters 26.1-06.1 and 26.1-06.2.
Terms Used In North Dakota Code 26.1-03.1-09
- 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
- written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37
2. The commissioner may adopt rules necessary for the implementation of this chapter.
3. The commissioner may exempt from the application of this chapter any domestic property and casualty insurer that:
a. Writes direct business only in this state; b. Writes direct annual premiums less than an amount determined by the commissioner; and
c. Assumes no reinsurance in excess of five percent of direct premium written.