North Dakota § 26.1-03-04 Assets required of cooperative and assessment life associations

North Dakota Statutes

§ 26.1-03-04 — Assets required of cooperative and assessment life associations

North Dakota § 26.1-03-04

Title 26.1Insurance

Ch. 26.1-03Examinations, Reports, and Tax

This text of North Dakota § 26.1-03-04 (Assets required of cooperative and assessment life associations) 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 § 26.1-03-04 (2026).

Text

Every cooperative or assessment life association authorized to do business in this state
shall accumulate and maintain assets in excess of actual liabilities for death losses sustained
and expenses incurred equal to two percent of all insurance which the association has in force.
The assets must be cash, money on deposit in banks, and securities eligible for investment by
insurance companies under this title.

Free access — add to your briefcase to read the full text and ask questions with AI

Every cooperative or assessment life association authorized to do business in this state
shall accumulate and maintain assets in excess of actual liabilities for death losses sustained
and expenses incurred equal to two percent of all insurance which the association has in force.
The assets must be cash, money on deposit in banks, and securities eligible for investment by
insurance companies under this title.