North Dakota § 26.1-14-15 Optional membership in insurance guaranty association

North Dakota Statutes

§ 26.1-14-15 — Optional membership in insurance guaranty association

North Dakota § 26.1-14-15

Title 26.1Insurance

Ch. 26.1-14Medical Malpractice Insurance

This text of North Dakota § 26.1-14-15 (Optional membership in insurance guaranty association) 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 § 26.1-14-15 (2026).

Text

The company may not be a member insurer under chapter 26.1-42.1 unless the board of
directors by appropriate resolution, certified to and filed with the commissioner on or before
December thirty-first following the issuance of its certificate of authority, elects to become a
member. If there is an affirmative election, the company becomes a member of the insurance
guaranty association effective July first of the following year. The election is irrevocable. In
absence of a timely election, no policyholder, claimant, or creditor of the company may receive
any payment by the insurance guaranty association.

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The company may not be a member insurer under chapter 26.1-42.1 unless the board of
directors by appropriate resolution, certified to and filed with the commissioner on or before
December thirty-first following the issuance of its certificate of authority, elects to become a
member. If there is an affirmative election, the company becomes a member of the insurance
guaranty association effective July first of the following year. The election is irrevocable. In
absence of a timely election, no policyholder, claimant, or creditor of the company may receive
any payment by the insurance guaranty association.