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The commissioner may reinsure any part of any liability in excess of twenty-five thousand dollars upon any one public official, or group of public officials and public employees under a blanket bond, at a cost not exceeding the rate of premium provided for in this chapter, and the expense of such reinsurance must be paid out of the fund.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-21-21. Fund may reinsure risks--Premium on reinsurance - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-21-21/
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