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North Dakota Century Code Title 26.1. Insurance § 26.1-23.1-05. Investment of assets--Subsidiary insurance company coverage

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

A government self-insurance pool may only invest its funds and accumulations in those investments described in sections 26.1-05-19 and 26.1-10-02. If a government self-insurance pool investment is made under section 26.1-10-02, a resulting subsidiary insurance company may not write insurance coverage for:

1. North Dakota governmental entities, which competes with coverage offered by the fire and tornado fund under chapter 26.1-22 as that chapter existed on December 31, 1988;

2. Individuals;

3. For-profit organizations;

4. Nonprofit hospitals, clinics, nursing homes, churches, fraternal organizations, or organizations not performing quasi-governmental functions; or

5. Agricultural business cooperatives.

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Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-23.1-05. Investment of assets--Subsidiary insurance company coverage - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-23-1-05/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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