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 § 26.1-02-23

Title 26.1Insurance

Ch. 26.1-02General Provisions

This text of North Dakota § 26.1-02-23 (Revocation of company's authority to do business in this state) 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 § 26.1-02-23 (2026).

Text

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.