North Dakota § 26.1-15.1-20 Nonforfeiture benefits, cash surrender values, certificate loans, and other options

North Dakota Statutes

§ 26.1-15.1-20 — Nonforfeiture benefits, cash surrender values, certificate loans, and other options

North Dakota § 26.1-15.1-20

Title 26.1Insurance

Ch. 26.1-15.1Fraternal Benefit Societies

This text of North Dakota § 26.1-15.1-20 (Nonforfeiture benefits, cash surrender values, certificate loans, and other options) 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 § 26.1-15.1-20 (2026).

Text

other options.

1.For certificates issued before January 1, 1989, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted must comply with the provisions of law applicable immediately before January 1, 1988.

2.For certificates issued after December 31, 1988, for which reserves are computed on the commissioners' 1958 standard ordinary mortality table or the commissioners' 1980 standard ordinary mortality table, or any more recent table made applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted must not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing policies con

Free access — add to your briefcase to read the full text and ask questions with AI

other options.
1. For certificates issued before January 1, 1989, the value of every paid-up nonforfeiture
benefit and the amount of any cash surrender value, loan, or other option granted
must comply with the provisions of law applicable immediately before January 1, 1988.
2. For certificates issued after December 31, 1988, for which reserves are computed on
the commissioners' 1958 standard ordinary mortality table or the commissioners' 1980
standard ordinary mortality table, or any more recent table made applicable to life
insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender
value, loan, or other option granted must not be less than the corresponding amount
ascertained in accordance with the laws of this state applicable to life insurers issuing
policies containing like benefits based upon those tables.