North Dakota § 26.1-02-23 Revocation of company's authority to do business in this state

North Dakota Statutes

§ 26.1-02-23 — Revocation of company's authority to do business in this state

North Dakota·Title 26.1 Insurance·Ch. 26.1-02 General Provisions

The commissioner shall revoke the certificate of authority of an insurance, bonding, surety, or indemnity company immediately if, at any time after examination, the commissioner has reason to believe that:

1.Any annual statement or other report required to be submitted by an officer or agent of the company pursuant to this title is false; or

2.The company is practicing discrimination against individual risks in the issue or cancellation of policies, bonds, or other insurance contracts or corporate suretyship.

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The commissioner shall revoke the certificate of authority of an insurance, bonding, surety,
or indemnity company immediately if, at any time after examination, the commissioner has
reason to believe that:
1. Any annual statement or other report required to be submitted by an officer or agent of
the company pursuant to this title is false; or
2. The company is practicing discrimination against individual risks in the issue or
cancellation of policies, bonds, or other insurance contracts or corporate suretyship.

North Dakota § 26.1-02-23 (Revocation of company's authority to do business in this state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.