§ 26.1-13-02 — Articles of incorporation - Territory of operation - Insurance applications required

required.
Persons desiring to form a county mutual insurance company shall submit to the
commissioner a description of the territory of operation and shall submit to the commissioner the
articles of incorporation of the proposed company. The territory of operation is subject to the
review and approval of the commissioner. An existing county mutual insurance company that
desires to expand its territory of operation shall submit a description of the current territory of
operation and proposed territory of operation to the commissioner for review and approval. If
merger of two or more county mutual insurance companies is proposed, the commissioner shall
determine the territory of operation of the merged company. Upon a showing of good cause, the
territory of operations of the merged company may exceed thirty counties. If the articles are
found to comply with this chapter, the commissioner shall approve the articles and the articles
must be filed in the office of the secretary of state and a certified copy must be filed with the
commissioner. The articles must be signed by the number of persons required to incorporate the
company and must be accompanied by sufficient evidence of the execution of bona fide
applications for insurance to the number and in the amount stated in section 26.1-13-01. The
articles of incorporation must set forth:
1. The name of the company.
2. The name of the city in or near which the business office of the company is to be
located.
3. The intended duration of the company, which is perpetual.