North Dakota Code 65-07-02 – Organization may refuse to contract for coverage
Current as of: 2023 | Check for updates
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The organization, on receipt of an application for insurance, shall determine whether the applicant is a good insurance risk and may deny such special contract if the organization determines it is in the best interests of the organization to do so.
Terms Used In North Dakota Code 65-07-02
- Contract: A legal written agreement that becomes binding when signed.
- Organization: includes a foreign or domestic association, business trust, corporation, enterprise, estate, joint venture, limited liability company, limited liability partnership, limited partnership, partnership, trust, or any legal or commercial entity. See North Dakota Code 1-01-49