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North Dakota Century Code Title 26.1. Insurance § 26.1-03-19.6. Cost of examinations

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For purposes of any examination authorized or required by law, the company being examined shall pay the same charge for the examination as is provided in section 26.1-01-07 for an official examination.  The compensation to be paid to the employees of the commissioner is to be paid out of the appropriation for the commissioner's office.  Any sum paid to the employees or to the commissioner by the company examined, as an examination fee or otherwise, is state money, and forthwith must be paid into the insurance regulatory trust fund.  Any sum paid to the employee or the commissioner as expense money for the examiner may be paid directly to the employee, and no employee may charge or collect from the state any expenses incurred in connection with any examination for or during which expenses or any part thereof have been paid by any other person, firm, or corporation.  However, the compensation and expenses paid for independent contract examiners must be paid directly by the company examined after approval by the commissioner.

Cite this article: - North Dakota Century Code Title 26.1. Insurance § 26.1-03-19.6. Cost of examinations - last updated January 01, 2020 |

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