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North Dakota Century Code Title 26.1. Insurance § 26.1-08.1-03. Board of directors

Current as of January 01, 2024 | Updated by Findlaw Staff

<Section repealed December 31, 2027.>

1. Notwithstanding any other provision of this chapter, to facilitate an efficient cessation of operations, the board:

a. May continue to use the lead carrier to fulfill administrative tasks and operations.

b. Shall continue to follow the requirements of participating members under section 26.1-08-09.

c. May implement a process to assess members based on actual program costs rather than projected program costs.

2. If the board has excess funds after cessation of operations of the association, the funds must be returned by the lead carrier to the insurer assessed under section 26.1-08-09.

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Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-08.1-03. Board of directors - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-08-1-03/

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