North Dakota Statutes
§ 26.1-09-07 — Maximum indemnity on fire risk - Statement of maximum liability on single risk
North Dakota § 26.1-09-07
This text of North Dakota § 26.1-09-07 (Maximum indemnity on fire risk - Statement of maximum liability on single risk) 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 § 26.1-09-07 (2026).
Text
risk.
A subscriber to a reciprocal or interinsurance contract may not assume on any single fire
insurance risk an amount greater than ten percent of the net worth of the subscriber. Whenever
required so to do by the commissioner, the attorney shall furnish to the commissioner a
statement under oath of the attorney showing the maximum amount of indemnity carried upon
any single fire insurance risk.
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Nearby Sections
15
§ 26.1-01-01
Commissioner defined§ 26.1-01-03
Duties of commissioner§ 26.1-01-03.1
Cease and desist authority - Hearing - Failure to appear§ 26.1-01-03.2
Injunctive authority§ 26.1-01-03.3
Penalty for violation of title§ 26.1-01-04
Service of process upon commissioner - Procedure§ 26.1-01-06
Reporting of statistical data regarding legal malpractice claims, settlements, and judgments§ 26.1-01-07
Fees chargeable by commissioner§ 26.1-01-07.1
Insurance regulatory trust fund established§ 26.1-01-07.2
Insurance regulatory trust fund investment§ 26.1-01-07.3
Cash flow financingCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 26.1-09-07, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-09-07.