This text of North Dakota § 26.1-02-05.1 (Group life and health insurance trust filing - Exemption requirements) 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.
Any insurance company claiming an exemption under subsection 6 of section 26.1-02-05
from a requirement that the company have a certificate of authority to do business in this state
or comply with the insurance laws of this state shall provide the following information to the
insurance commissioner for the commissioner's approval of the exemption:
1.A copy of the trust agreement for the group.
2.A full copy of the master contract.
3.A copy of the certificate of insurance to be issued or sold in this state.
4.A copy of the application for the certificate of insurance.
5.A copy of a disclosure statement used in the solicitation of the insurance indicating that
the protection of North Dakota's insurance laws will not be provided to the holders of
certificates of insurance issued by the
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Any insurance company claiming an exemption under subsection 6 of section 26.1-02-05
from a requirement that the company have a certificate of authority to do business in this state
or comply with the insurance laws of this state shall provide the following information to the
insurance commissioner for the commissioner's approval of the exemption:
1. A copy of the trust agreement for the group.
2. A full copy of the master contract.
3. A copy of the certificate of insurance to be issued or sold in this state.
4. A copy of the application for the certificate of insurance.
5. A copy of a disclosure statement used in the solicitation of the insurance indicating that
the protection of North Dakota's insurance laws will not be provided to the holders of
certificates of insurance issued by the group.
6. An assurance that only one type of insurance coverage may be included in each
mailing or mass market solicitation.
7. Such other information as the commissioner deems necessary to assure that the
group is organized for purposes other than the procurement of insurance or otherwise
meets the requirements of subsection 6 of section 26.1-02-05.
No company may issue or deliver a policy of insurance or issue or deliver for issue a certificate
of insurance in this state without a certificate of authority unless it has first been granted
approval in writing to do so by the commissioner under this section.