North Dakota Statutes
§ 26.1-17-25 — Rate requirements
Rates must cover reasonably anticipated claims, cover reasonable costs of operation and
overhead expenses, and maintain contingency reserves at a proper level of not less than the
sum of incurred claims and operating and overhead expenses for at least two months, but not
more than four months. Rates may not be excessive, inadequate, or unfairly discriminatory.
Free access — add to your briefcase to read the full text and ask questions with AI
North Dakota § 26.1-17-25 (Rate requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 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
Cash flow financing