North Dakota Code 26.1-36.7-08 – Reinsurance
Current as of: 2023 | Check for updates
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For claims of an insured which total one hundred thousand dollars to one million dollars incurred per plan year, a member insurer must be reinsured by the association at seventy-five percent of the member insurer’s responsibility for claims incurred by the insured pursuant to the terms of an individual‘s nongrandfathered individual health benefit plan.
Terms Used In North Dakota Code 26.1-36.7-08
- Individual: means a human being. See North Dakota Code 1-01-49
- year: means twelve consecutive months. See North Dakota Code 1-01-33