North Dakota § 26.1-11-08 Grounds for revocation of authority of foreign company

North Dakota Statutes

§ 26.1-11-08 — Grounds for revocation of authority of foreign company

North Dakota § 26.1-11-08

Title 26.1Insurance

Ch. 26.1-11Foreign Insurance Companies

This text of North Dakota § 26.1-11-08 (Grounds for revocation of authority of foreign company) 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 § 26.1-11-08 (2026).

Text

The commissioner shall revoke or suspend all certificates of authority granted to a foreign insurance company or to its agents if, upon examination or other evidence, the commissioner is of the opinion that:

1.The company is in an unsound condition.

2.The company has failed to comply with any provision of the applicable laws of this state.

3.The company, or any officer or agent thereof, has refused to submit to examination or to perform any other legal obligation.

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The commissioner shall revoke or suspend all certificates of authority granted to a foreign
insurance company or to its agents if, upon examination or other evidence, the commissioner is
of the opinion that:
1. The company is in an unsound condition.
2. The company has failed to comply with any provision of the applicable laws of this
state.
3. The company, or any officer or agent thereof, has refused to submit to examination or
to perform any other legal obligation.