North Dakota Statutes
§ 26.1-16-11 — Bonds of officers and agents
After a benevolent society has been licensed by the commissioner, the bonding of its
officers and agents is discretionary with its board of directors. During the period between the
filing of articles of incorporation and the issuing of a certificate of authority, however, the
commissioner shall set the amounts of the bonds sufficient to guarantee return of membership
fees collected in case the organization is not completed, and the bonds must be filed with the
commissioner.
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Nearby Sections
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§ 26.1-01-01
Commissioner defined§ 26.1-01-03
Duties of commissioner§ 26.1-01-03.1
Cease and desist authority - Hearing - Failure to appear§ 26.1-01-03.2
Injunctive authority§ 26.1-01-03.3
Penalty for violation of title§ 26.1-01-04
Service of process upon commissioner - Procedure§ 26.1-01-06
Reporting of statistical data regarding legal malpractice claims, settlements, and judgments§ 26.1-01-07
Fees chargeable by commissioner§ 26.1-01-07.1
Insurance regulatory trust fund established§ 26.1-01-07.2
Insurance regulatory trust fund investment§ 26.1-01-07.3
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