§ 26.1-03-11.1 — Insurance company annual statements - Filed with national association of insurance commissioners

North Dakota § 26.1-03-11.1

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-03: Examinations, Reports, and Tax

Text

of insurance commissioners.
1. Every domestic, foreign, and alien insurance company in this state shall transmit to the
national association of insurance commissioners, not later than March first of each
year, a copy of its annual statement, along with any additional filings as described by
the commissioner for the preceding year. The information filed with the national
association of insurance commissioners must be in the same format and scope as that
required by the commissioner and must include the signed jurat page and the actuarial
certification. Any amendments and addenda to the annual statement filing
subsequently filed with the commissioner must also be filed with the national

association of insurance commissioners. The insurance commissioner may exempt
any domestic company or category or class of domestic companies from the filing
requirement.
2. Foreign insurance companies domiciled in a state which has a law substantially similar
to subsection 1 are deemed to be in compliance with this section.
3. a. Documents, materials, or other information in the possession or control of the
commissioner which are an actuarial report, workpapers, or actuarial opinion
summary provided in support of the actuarial certification commonly known as the
statement of actuarial opinion, and any other material provided by the insurance
company to the commissioner in connection with the actuarial report, workpapers,
or actuarial opinion summary, is confidential and privileged and is not subject to
section 44-04-18. This subsection may not be construed to limit the authority to
subpoena or otherwise discover the documents, materials, or other information or
to limit use of the documents, materials, or other information in criminal
investigations or proceedings.
b. This subsection may not be construed to limit the commissioner's authority to
release the documents to the actuarial board for counseling and discipline so long
as the material is required for the purpose of professional disciplinary
proceedings and the actuarial board for counseling and discipline establishes
procedures satisfactory to the commissioner for preserving the confidentiality of
the documents. This section may not be construed to limit the commissioner's
authority to use the documents, materials, or other information in furtherance of
any regulatory or legal action brought as part of the commissioner's official duties.
c. This subsection does not apply to actuarial opinions required under
chapter 26.1-35.