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North Dakota Century Code Title 26.1. Insurance § 26.1-17.1-19. Reports

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

1. Every prepaid limited health service organization shall file with the commissioner annually, on or before March first, a report verified by at least two principal officers covering the preceding calendar year.

2. Such report must be on forms prescribed by the commissioner and must include:

a. A financial statement of the organization, including its balance sheet, income statement, and statement of changes in financial position for the preceding year, certified by an independent public accountant or a consolidated audited financial statement of its parent company certified by an independent public accountant, attached to which must be consolidating financial statements of the prepaid limited health service organization.

b. The number of subscribers at the beginning of the year, the number of subscribers as of the end of the year, and the number of enrollments terminated during the year.

c. Such other information relating to the performance of the organization as is necessary to enable the commissioner to carry out the duties under this chapter.

3. The commissioner may require more frequent reports containing such information as is necessary to enable the commissioner to carry out the duties under this chapter.

4. The commissioner may assess a fine of up to one hundred dollars per day for each day any required report is late, and the commissioner may suspend the organization's certificate of authority pending the proper filing of the required report by the organization.

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Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-17.1-19. Reports - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-17-1-19/

Read this complete North Dakota Century Code Title 26.1. Insurance § 26.1-17.1-19. Reports on Westlaw

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