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1. A business entity acting as a public adjuster in this state must be licensed as a public adjuster. A business entity applying for a public adjuster license shall submit to the commissioner a completed uniform business entity application and declare under penalty of denial, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the knowledge and belief of the entity. The commissioner shall approve the application if the commissioner determines the applicant:
a. Has paid the business entity licensing fee, not to exceed one hundred fifty dollars, prescribed by the commissioner; and
b. Has designated a resident public adjuster or a nonresident public adjuster licensed pursuant to this chapter to be responsible for compliance with the insurance laws, rules, and regulations of this state for the business entity.
2. The commissioner may require additional documents be submitted that are reasonably necessary to verify the information contained in an application pursuant to this section.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-26.8-06. License required for business entity - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-26-8-06/
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