North Dakota § 26.1-13-18 Maximum amount of insurance on single risk

North Dakota Statutes

§ 26.1-13-18 — Maximum amount of insurance on single risk

North Dakota § 26.1-13-18

Title 26.1Insurance

Ch. 26.1-13County Mutual Insurance Companies

This text of North Dakota § 26.1-13-18 (Maximum amount of insurance on single risk) 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 § 26.1-13-18 (2026).

Text

The maximum amount of insurance which a county mutual insurance company may retain
on a single risk other than under a liability insurance contract, after deduction of applicable
reinsurance, may not exceed ten percent of the admitted assets of the company or thirty
thousand dollars, whichever is the larger amount. The maximum amount of insurance which a
county mutual insurance company may retain on a single risk under a liability insurance contract
may not exceed one percent of the surplus maintained by the company.

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The maximum amount of insurance which a county mutual insurance company may retain
on a single risk other than under a liability insurance contract, after deduction of applicable
reinsurance, may not exceed ten percent of the admitted assets of the company or thirty
thousand dollars, whichever is the larger amount. The maximum amount of insurance which a
county mutual insurance company may retain on a single risk under a liability insurance contract
may not exceed one percent of the surplus maintained by the company.