North Dakota § 26.1-12-20 Separate reserves to be maintained for each kind of insurance written by mutual insurance company

North Dakota Statutes

§ 26.1-12-20 — Separate reserves to be maintained for each kind of insurance written by mutual insurance company

North Dakota § 26.1-12-20

Title 26.1Insurance

Ch. 26.1-12Incorporated Mutual Insurance Companies

This text of North Dakota § 26.1-12-20 (Separate reserves to be maintained for each kind of insurance written by mutual insurance 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 § 26.1-12-20 (2026).

Text

mutual insurance company.
Every mutual insurance company organized under this chapter shall maintain unearned
premium and other reserves separately for each kind of insurance written by it upon the same
basis as is required of a domestic stock insurance company transacting the same kind of
insurance business. Any reserve for losses or claims based upon the premium income,
however, must be computed upon the net premium income after deducting any so-called
dividend or premium returned or credited to the member.

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mutual insurance company.
Every mutual insurance company organized under this chapter shall maintain unearned
premium and other reserves separately for each kind of insurance written by it upon the same
basis as is required of a domestic stock insurance company transacting the same kind of
insurance business. Any reserve for losses or claims based upon the premium income,
however, must be computed upon the net premium income after deducting any so-called
dividend or premium returned or credited to the member.