North Dakota Statutes
§ 26.1-03-04 — Assets required of cooperative and assessment life associations
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.
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North Dakota § 26.1-03-04 (Assets required of cooperative and assessment life associations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 26.1-01-01
Commissioner defined§ 26.1-01-03
Duties of commissioner§ 26.1-01-03.1
Cease and desist authority - Hearing - Failure to appear§ 26.1-01-03.2
Injunctive authority§ 26.1-01-03.3
Penalty for violation of title§ 26.1-01-04
Service of process upon commissioner - Procedure§ 26.1-01-06
Reporting of statistical data regarding legal malpractice claims, settlements, and judgments§ 26.1-01-07
Fees chargeable by commissioner§ 26.1-01-07.1
Insurance regulatory trust fund established§ 26.1-01-07.2
Insurance regulatory trust fund investment§ 26.1-01-07.3
Cash flow financing