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Current as of January 01, 2024 | Updated by FindLaw Staff
A purchasing group and its insurer or insurers is subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers are exempt, in regard to liability insurance for the purchasing group, from any law that would:
1. Prohibit the establishment of a purchasing group.
2. Make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters.
3. Prohibit a purchasing group or its members from purchasing insurance on a group basis described in subsection 2.
4. Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time.
5. Require that a purchasing group must have a minimum number of members, common ownership or affiliation, or certain legal form.
6. Require that a certain percentage of a purchasing group must obtain insurance on a group basis.
7. Otherwise discriminate against a purchasing group or any of its members.
8. Require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance producer residing in this state.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-46-06. Purchasing groups--Exemption from certain laws relating to the group purchase of insurance - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-46-06/
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 or via Westlaw before relying on it for your legal needs.
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