§ 26.1-10.1-01 — Report

North Dakota § 26.1-10.1-01

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-10.1: Asset and Agreement Reports

Text

1. Every insurer domiciled in this state shall file a report with the commissioner disclosing
material acquisitions and dispositions of assets or material nonrenewals, cancellations,
or revisions of ceded reinsurance agreements or material new ceded reinsurance
agreements unless the acquisitions and dispositions of assets or material
nonrenewals, cancellations, or revisions of ceded reinsurance agreements or material
new ceded reinsurance agreements have been submitted to the commissioner for
review, approval, or information purposes pursuant to other provisions of the insurance
code, laws, rules, or other requirements.
2. The report required in subsection 1 is due within fifteen days after the end of the
calendar month in which any of the foregoing transactions occur.
3. One complete copy of the report, including any exhibits or other attachments, must be
filed with:
a. The insurance department of the insurer's state of domicile; and
b. The national association of insurance commissioners.
4. All reports obtained by or disclosed to the commissioner under this chapter must be
given confidential treatment and are not subject to subpoena and must not be made
public by the commissioner, the national association of insurance commissioners, or
any other person, except to insurance departments of other states, without the prior
written consent of the insurer to which it pertains unless the commissioner, after giving
the insurer who would be affected notice and an opportunity to be heard, determines
that the interest of policyholders, shareholders, or the public will be served by
publication, in which event the commissioner may publish all or any part in the manner
the commissioner deems appropriate.