North Dakota § 26.1-11-09 Procedure for suspension or revocation of foreign company's authority - Effect

North Dakota Statutes

§ 26.1-11-09 — Procedure for suspension or revocation of foreign company's authority - Effect

North Dakota § 26.1-11-09

Title 26.1Insurance

Ch. 26.1-11Foreign Insurance Companies

This text of North Dakota § 26.1-11-09 (Procedure for suspension or revocation of foreign company's authority - Effect) 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 § 26.1-11-09 (2026).

Text

Effect.
Whenever it appears to the commissioner, either upon complaint or otherwise, that any
foreign insurance company is in violation of section 26.1-02-23 or 26.1-11-08, the commissioner
may issue a temporary order suspending the certificate of authority granted to a foreign
insurance company if the commissioner deems it necessary or appropriate to the public interest
to do so. Any company aggrieved by a temporary order may request a hearing before the
commissioner within ten days after the company receives the order. If the commissioner
revokes the certificate of authority granted to a foreign insurance company, the commissioner
shall publish a notice of revocation once each week for three successive weeks in a newspaper
published at the state capital. Thereafter, no new business may b

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Effect.
Whenever it appears to the commissioner, either upon complaint or otherwise, that any
foreign insurance company is in violation of section 26.1-02-23 or 26.1-11-08, the commissioner
may issue a temporary order suspending the certificate of authority granted to a foreign
insurance company if the commissioner deems it necessary or appropriate to the public interest
to do so. Any company aggrieved by a temporary order may request a hearing before the
commissioner within ten days after the company receives the order. If the commissioner
revokes the certificate of authority granted to a foreign insurance company, the commissioner
shall publish a notice of revocation once each week for three successive weeks in a newspaper
published at the state capital. Thereafter, no new business may be done by the company, or by
its agents, in this state until its certificate of authority is restored by the commissioner. The
commissioner, after a hearing and for good cause, may cancel the revocation and restore the
certificate.