North Dakota § 26.1-15.1-31 Suspension, revocation, or refusal of license of foreign society

North Dakota Statutes

§ 26.1-15.1-31 — Suspension, revocation, or refusal of license of foreign society

North Dakota § 26.1-15.1-31

Title 26.1Insurance

Ch. 26.1-15.1Fraternal Benefit Societies

This text of North Dakota § 26.1-15.1-31 (Suspension, revocation, or refusal of license of foreign society) 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 § 26.1-15.1-31 (2026).

Text

1.If the commissioner upon investigation finds that a foreign society transacting or applying to transact business in this state has committed any of the acts set forth in subdivision a, b, c, or e of subsection 1 of section 26.1-15.1-30, the commissioner shall notify the society of the deficiency or deficiencies stating in writing the reasons for the commissioner's dissatisfaction and requiring that the deficiency or deficiencies be corrected. After the notice the society has a thirty-day period in which to comply with the commissioner's request for correction. If the society fails to comply, the commissioner shall notify the society of noncompliance and require the society to show cause on a date specified why its license should not be suspended, revoked, or refused. If the society does

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1. If the commissioner upon investigation finds that a foreign society transacting or
applying to transact business in this state has committed any of the acts set forth in
subdivision a, b, c, or e of subsection 1 of section 26.1-15.1-30, the commissioner
shall notify the society of the deficiency or deficiencies stating in writing the reasons for
the commissioner's dissatisfaction and requiring that the deficiency or deficiencies be
corrected. After the notice the society has a thirty-day period in which to comply with
the commissioner's request for correction. If the society fails to comply, the
commissioner shall notify the society of noncompliance and require the society to
show cause on a date specified why its license should not be suspended, revoked, or
refused. If the society does not present good and sufficient reason why its authority to
do business in this state should not be suspended, revoked, or refused, the
commissioner may suspend or refuse the license of the society to do business in this
state until satisfactory evidence is furnished to the commissioner that the suspension
or refusal should be withdrawn or the commissioner may revoke the authority of the
society to do business in this state.
2. This section does not prevent any society from continuing in good faith all contracts
made in this state during the time the society was legally authorized to transact
business in this state.