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Current as of January 01, 2024 | Updated by Findlaw Staff
The commissioner may suspend the authority of a discount plan organization to enroll new members or refuse to renew, suspend, or revoke a discount plan organization's registration if, after notice to the registrant and hearing, the commissioner finds that any of the following conditions exist:
1. The discount plan organization is not operating in compliance with this chapter;
2. The discount plan organization has advertised, merchandised, or attempted to merchandise the organization's services in such a manner as to misrepresent the organization's services or capacity for service or has engaged in deceptive, misleading, or unfair practices with respect to advertising or merchandising;
3. The discount plan organization is not fulfilling the organization's obligations as a discount plan organization; or
4. The continued operation of the discount plan organization would be hazardous to the organization's members.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-53.1-10. Nonrenewal, suspension, or revocation - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-53-1-10/
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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