§ 26.1-10.3-03 — Rules and regulations

North Dakota § 26.1-10.3-03

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-10.3: Corporate Governance Annual Disclosure

Text

The commissioner may adopt reasonable rules necessary for the implementation of this
chapter.
26.1-10.3-04. Contents of corporate governance annual disclosure.
1. The insurer or insurance group has discretion over the responses to the corporate
governance annual disclosure inquiries, if the corporate governance annual disclosure
contains the material information necessary to permit the commissioner to gain an
understanding of the insurer's or group's corporate governance structure, policies, and
practices. The commissioner may request additional information the commissioner
deems material and necessary to provide the commissioner with a clear understanding
of the corporate governance policies, the reporting or information system or controls
implementing those policies.
2. Notwithstanding subsection 1, the corporate governance annual disclosure must be
prepared according to rules adopted by the commissioner. Documentation and
supporting information must be maintained and made available upon examination or
upon request of the commissioner.