North Dakota § 26.1-10-10 Receivership

North Dakota Statutes

§ 26.1-10-10 — Receivership

North Dakota·Title 26.1 Insurance·Ch. 26.1-10 Insurance Holding Company Systems

Whenever it appears to the commissioner that any person has committed a violation of this
chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency
or make the further transaction of business by it hazardous to its policyholders, creditors,
shareholders, or the public, then the commissioner may proceed as provided in chapter
26.1-06.1 to take possession of the property of the insurer and to carry on its business.

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Whenever it appears to the commissioner that any person has committed a violation of this
chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency
or make the further transaction of business by it hazardous to its policyholders, creditors,
shareholders, or the public, then the commissioner may proceed as provided in chapter
26.1-06.1 to take possession of the property of the insurer and to carry on its business.

North Dakota § 26.1-10-10 (Receivership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.