North Dakota § 26.1-06-06 Offenses punishable by the commissioner - Penalty

North Dakota Statutes

§ 26.1-06-06 — Offenses punishable by the commissioner - Penalty

North Dakota § 26.1-06-06

Title 26.1Insurance

Ch. 26.1-06Takeover Bids for Domestic Companies

This text of North Dakota § 26.1-06-06 (Offenses punishable by the commissioner - Penalty) 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 § 26.1-06-06 (2026).

Text

The commissioner, by order entered after a hearing on notice duly served on the defendant
not less than thirty days before the date of the hearing, if it is proved that the defendant has
knowingly made any misrepresentation of a material fact for the purpose of inducing the
commissioner to take any action or to refrain from taking action, or has violated this chapter, or
any order of the commissioner issued pursuant to this chapter, may impose a penalty not
exceeding five thousand dollars.

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The commissioner, by order entered after a hearing on notice duly served on the defendant
not less than thirty days before the date of the hearing, if it is proved that the defendant has
knowingly made any misrepresentation of a material fact for the purpose of inducing the
commissioner to take any action or to refrain from taking action, or has violated this chapter, or
any order of the commissioner issued pursuant to this chapter, may impose a penalty not
exceeding five thousand dollars.