North Dakota Century Code Title 26.1. Insurance § 26.1-30-22. Mandatory arbitration endorsements for property insurance--Written acceptance--Penalty

a. Mandatory binding arbitration provisions are contained in a separate endorsement;

b. Named insured accepts the mandatory binding arbitration endorsement in writing in accordance with subsection 2; and

c. Property insurance policy does not require mandatory binding arbitration upon request.

a. Be on a form separate from the policy application and other policy forms;

b. Clearly state the rights being waived in exchange for the premium discount, including the right to a trial by jury; and

c. Include the following statement in at least twelve-point bold font:

“By signing this form, I agree to resolve all covered property insurance claims through mandatory binding arbitration. I understand that by agreeing to mandatory binding arbitration:

I am giving up my right to have disputes resolved in court.

I am giving up my right to a jury trial.

I am accepting these terms in exchange for a premium discount of [dollar amount or percentage of premium amount].

This agreement is binding on all insureds under the policy and remains effective upon policy renewal, replacement, or reinstatement unless I request removal of the mandatory binding arbitration endorsement in writing”.

a. Be conducted in this state if involving a resident of this state;

b. Be governed by state law; and

c. Not require arbitration in another state.

a. Voluntary arbitration agreement entered after a dispute has arisen;

b. Large commercial risk as defined in section 26.1-25-02.1; or

c. Commercial surplus line insurance policy placed in accordance with section 26.1-44-03.