North Dakota § 26.1-03-16 Penalty for not making statement

North Dakota Statutes

§ 26.1-03-16 — Penalty for not making statement

North Dakota § 26.1-03-16

Title 26.1Insurance

Ch. 26.1-03Examinations, Reports, and Tax

This text of North Dakota § 26.1-03-16 (Penalty for not making statement) 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 § 26.1-03-16 (2026).

Text

Any insurance company doing business in this state which neglects to make and file any
statement in the manner and within the time prescribed in this chapter forfeits one hundred
dollars for each day's neglect, and upon notice by the commissioner to that effect, its authority
to do new business ceases during the default. Any new business done by an insurance
company after it has neglected to make a required statement is in violation of law. The
commissioner may grant an insurance company an extension beyond the date designated in
this section and may waive or reduce any penalty during the extension, upon a showing of good
cause by the insurance company.

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Any insurance company doing business in this state which neglects to make and file any
statement in the manner and within the time prescribed in this chapter forfeits one hundred
dollars for each day's neglect, and upon notice by the commissioner to that effect, its authority
to do new business ceases during the default. Any new business done by an insurance
company after it has neglected to make a required statement is in violation of law. The
commissioner may grant an insurance company an extension beyond the date designated in
this section and may waive or reduce any penalty during the extension, upon a showing of good
cause by the insurance company.