North Dakota § 26.1-05-30 Disbursements by domestic life insurance company to be made on voucher - Requirements

North Dakota Statutes

§ 26.1-05-30 — Disbursements by domestic life insurance company to be made on voucher - Requirements

North Dakota § 26.1-05-30

Title 26.1Insurance

Ch. 26.1-05Organization and Operation of Domestic Companies

This text of North Dakota § 26.1-05-30 (Disbursements by domestic life insurance company to be made on voucher - Requirements) 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 § 26.1-05-30 (2026).

Text

voucher - Requirements.
No domestic life insurance company may make any disbursement of one hundred dollars or
more unless evidenced by a voucher signed by or on behalf of the person receiving the money
and correctly describing the consideration for the payment. If the expenditure is for both
services and disbursements, the voucher must set forth the services rendered and an itemized
statement of the disbursements made. If the expenditure is in connection with any matter
pending before any legislative or public body or before any department or officer of any state or
government, the voucher, in addition, must describe correctly the nature of the matter and of the
interest of the company therein. When a voucher cannot be obtained, the expenditure must be
evidenced by an affidavit describing

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voucher - Requirements.
No domestic life insurance company may make any disbursement of one hundred dollars or
more unless evidenced by a voucher signed by or on behalf of the person receiving the money
and correctly describing the consideration for the payment. If the expenditure is for both
services and disbursements, the voucher must set forth the services rendered and an itemized
statement of the disbursements made. If the expenditure is in connection with any matter
pending before any legislative or public body or before any department or officer of any state or
government, the voucher, in addition, must describe correctly the nature of the matter and of the
interest of the company therein. When a voucher cannot be obtained, the expenditure must be
evidenced by an affidavit describing the character and object of the expenditure and stating the
reason for not obtaining the voucher.