North Dakota § 26.1-05-07.2 Effects of redomestication

North Dakota Statutes

§ 26.1-05-07.2 — Effects of redomestication

North Dakota § 26.1-05-07.2

Title 26.1Insurance

Ch. 26.1-05Organization and Operation of Domestic Companies

This text of North Dakota § 26.1-05-07.2 (Effects of redomestication) 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 § 26.1-05-07.2 (2026).

Text

In the discretion of the commissioner, the certificate of authority, insurance producer
appointments and licenses, rates, and other items in existence at the time an insurer licensed to
transact the business of insurance in this state transfers its corporate domicile to this state or
another state by merger, consolidation, or any other lawful method, continue in effect upon the
transfer if the insurer remains duly qualified to transact the business of insurance in this state.
An outstanding policy of a transferring insurer remains in effect and does not need to be
endorsed as to the new name of the company or its new location unless so ordered by the
commissioner. A transferring insurer shall file new policy forms with the commissioner on or
before the effective date of the transfer, but m

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In the discretion of the commissioner, the certificate of authority, insurance producer
appointments and licenses, rates, and other items in existence at the time an insurer licensed to
transact the business of insurance in this state transfers its corporate domicile to this state or
another state by merger, consolidation, or any other lawful method, continue in effect upon the
transfer if the insurer remains duly qualified to transact the business of insurance in this state.
An outstanding policy of a transferring insurer remains in effect and does not need to be
endorsed as to the new name of the company or its new location unless so ordered by the
commissioner. A transferring insurer shall file new policy forms with the commissioner on or
before the effective date of the transfer, but may use existing forms with appropriate
endorsements as approved by the commissioner. A transferring insurer shall notify the
commissioner of the details of the proposed transfer and shall file promptly any resulting
amendments to corporate documents filed or required to be filed with the commissioner.