North Dakota § 26.1-12-01 Organization of mutual insurance company - Minimum number of members

North Dakota Statutes

§ 26.1-12-01 — Organization of mutual insurance company - Minimum number of members

North Dakota § 26.1-12-01

Title 26.1Insurance

Ch. 26.1-12Incorporated Mutual Insurance Companies

This text of North Dakota § 26.1-12-01 (Organization of mutual insurance company - Minimum number of members) 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 § 26.1-12-01 (2026).

Text

members.
Any number of persons, not less than twenty, a majority of whom must be bona fide
residents of this state, may become, together with others who thereafter may be associated with
them or their successors, a body corporate for the purpose of carrying on the business of
mutual insurance as provided in this chapter by complying with this chapter. Any number of
persons, not less than seven, may form a mutual life insurance company and, with others who
may become associated with them or their successors, may become a body corporate for the
purpose of carrying on the business of a mutual life insurance company. A mutual life insurance
company organized under this chapter may carry insurance upon the lives of persons, including
every kind of insurance pertaining thereto.

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members.
Any number of persons, not less than twenty, a majority of whom must be bona fide
residents of this state, may become, together with others who thereafter may be associated with
them or their successors, a body corporate for the purpose of carrying on the business of
mutual insurance as provided in this chapter by complying with this chapter. Any number of
persons, not less than seven, may form a mutual life insurance company and, with others who
may become associated with them or their successors, may become a body corporate for the
purpose of carrying on the business of a mutual life insurance company. A mutual life insurance
company organized under this chapter may carry insurance upon the lives of persons, including
every kind of insurance pertaining thereto.