North Dakota § 26.1-02-04 Company controlled by foreign government prohibited - Penalty

North Dakota Statutes

§ 26.1-02-04 — Company controlled by foreign government prohibited - Penalty

North Dakota § 26.1-02-04

Title 26.1Insurance

Ch. 26.1-02General Provisions

This text of North Dakota § 26.1-02-04 (Company controlled by foreign government prohibited - Penalty) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-02-04 (2026).

Text

An insurance company or other insurance entity financially owned or financially controlled
by any foreign government outside the United States may not do any insurance business in this
state. The commissioner may not grant a license or issue a certificate of authority to any
insurance company or other insurance entity financially owned or financially controlled by any
foreign government outside the United States to transact any insurance business in this state.
This section does not affect any insurance company qualified to do business in this state before
January 2, 1955.

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An insurance company or other insurance entity financially owned or financially controlled
by any foreign government outside the United States may not do any insurance business in this
state. The commissioner may not grant a license or issue a certificate of authority to any
insurance company or other insurance entity financially owned or financially controlled by any
foreign government outside the United States to transact any insurance business in this state.
This section does not affect any insurance company qualified to do business in this state before
January 2, 1955.