North Dakota Statutes
§ 26.1-11-02 — Liability of officers, agents, and stockholders of noncomplying foreign company - Penalty
company - Penalty.
Any failure to comply with section 26.1-11-01 renders each officer, agent, and stockholder of
any foreign insurance company failing to comply therewith jointly and severally liable on all
contracts of the company made within this state during the time the company is in default. Each
officer and agent of the noncomplying company is guilty of a class A misdemeanor.
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North Dakota § 26.1-11-02 (Liability of officers, agents, and stockholders of noncomplying foreign company - Penalty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 financing