North Dakota § 26.1-08.1-03 Board of directors (Repealed effective December 31, 2027)

North Dakota Statutes

§ 26.1-08.1-03 — Board of directors (Repealed effective December 31, 2027)

North Dakota § 26.1-08.1-03

Title 26.1Insurance

Ch. 26.1-08.1Cessation of Comprehensive Health Association

This text of North Dakota § 26.1-08.1-03 (Board of directors (Repealed effective December 31, 2027)) is published on Counsel Stack Legal Research, covering North Dakota primary law.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 § 26.1-08.1-03 (2026).

Text

1.Notwithstanding any other provision of this chapter, to facilitate an efficient cessation of operations, the board:

a.May continue to use the lead carrier to fulfill administrative tasks and operations.

b.Shall continue to follow the requirements of participating members under section 26.1-08-09.

c.May implement a process to assess members based on actual program costs rather than projected program costs.

2.If the board has excess funds after cessation of operations of the association, the funds must be returned by the lead carrier to the insurer assessed under section 26.1-08-09.

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1. Notwithstanding any other provision of this chapter, to facilitate an efficient cessation of
operations, the board:
a. May continue to use the lead carrier to fulfill administrative tasks and operations.
b. Shall continue to follow the requirements of participating members under section
26.1-08-09.
c. May implement a process to assess members based on actual program costs
rather than projected program costs.
2. If the board has excess funds after cessation of operations of the association, the
funds must be returned by the lead carrier to the insurer assessed under section
26.1-08-09.