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·Title 26.1 Insurance·Ch. 26.1-13 County Mutual Insurance Companies

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.

North Dakota § 26.1-13-18 (Maximum amount of insurance on single risk) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.