North Dakota § 26.1-17-09 Capital - Repayment

North Dakota Statutes

§ 26.1-17-09 — Capital - Repayment

North Dakota § 26.1-17-09

Title 26.1Insurance

Ch. 26.1-17Nonprofit Health Service Corporations

This text of North Dakota § 26.1-17-09 (Capital - Repayment) 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 § 26.1-17-09 (2026).

Text

A health service corporation writing hospital service contracts or medical service contracts
may not commence business and enter into any contracts with subscribers, nor secure any
application therefor, unless the corporation has a contributed surplus of not less than one
hundred thousand dollars. A health service corporation writing health service contracts other
than hospital service or medical service contracts may not enter into any contracts with any
subscribers, nor secure any application therefor, unless the corporation has a contributed
surplus of not less than twenty-five thousand dollars. The contributed surplus is repayable when
the unassigned earned surplus exceeds the amount required to be initially paid in as contributed
surplus, only if the payment does not impair the workin

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A health service corporation writing hospital service contracts or medical service contracts
may not commence business and enter into any contracts with subscribers, nor secure any
application therefor, unless the corporation has a contributed surplus of not less than one
hundred thousand dollars. A health service corporation writing health service contracts other
than hospital service or medical service contracts may not enter into any contracts with any
subscribers, nor secure any application therefor, unless the corporation has a contributed
surplus of not less than twenty-five thousand dollars. The contributed surplus is repayable when
the unassigned earned surplus exceeds the amount required to be initially paid in as contributed
surplus, only if the payment does not impair the working capital of the health service
corporation.