North Dakota Century Code Title 26.1. Insurance § 26.1-22-14. Assessments --Collections--Minimum fund balance--Bond and borrowing authorization

1. Upon providing insurance coverage under this chapter, the office shall certify to the insured the amount of the assessment. The state agency, political subdivision, or winter show shall submit to the office the payment of the assessment within sixty days after the date of the certification. The office shall deposit the assessments in the fund.

2. If the assessment is not paid within sixty days after the date of the certification, the attorney general and the state's attorney of the relevant county shall bring appropriate actions to enforce the collection of the assessment upon request of the office. A judgment obtained under this section must include an interest rate of six percent per year.

3. If the fund balance is less than twelve million dollars, the office shall levy an assessment on every policy in force with the fund to increase the fund balance of the fund to twelve million dollars calculated as follows:

4. If the fund balance is less than two million dollars due to a catastrophe, disaster, or a succession of catastrophes or disasters, the office may issue anticipation bonds or borrow from the Bank of North Dakota to provide the amount needed to increase the fund balance to two million dollars upon approval from the industrial commission.