North Dakota Statutes
§ 26.1-13-01 — County mutual insurance company - Organization
A corporation for mutual insurance may be formed in accordance with this chapter by any
number of persons, not less than fifty, residing in not more than forty counties in this state,
which collectively own property of not less than four hundred thousand dollars in value which
the persons desire to insure; or any number of persons, not less than twenty-five, residing in
any one county in this state, which collectively own property of not less than one hundred
thousand dollars in value which the persons desire to insure. A county mutual insurance
company organized under this chapter shall maintain a surplus of at least two hundred thousand
dollars.
Free access — add to your briefcase to read the full text and ask questions with AI
North Dakota § 26.1-13-01 (County mutual insurance company - Organization) — 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