North Dakota § 26.1-18.1-05 Fiduciary responsibilities

North Dakota Statutes

§ 26.1-18.1-05 — Fiduciary responsibilities

North Dakota § 26.1-18.1-05

Title 26.1Insurance

Ch. 26.1-18.1Health Maintenance Organizations

This text of North Dakota § 26.1-18.1-05 (Fiduciary responsibilities) 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 § 26.1-18.1-05 (2026).

Text

1.Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the organization is responsible for the funds in a fiduciary relationship to the organization.

2.If the commissioner deems it necessary for the security of the funds of a health maintenance organization, the commissioner may require an official bond of each officer and each employee of the organization in an amount not to exceed the sum of money for which each is accountable.

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1. Any director, officer, employee, or partner of a health maintenance organization who
receives, collects, disburses, or invests funds in connection with the activities of the
organization is responsible for the funds in a fiduciary relationship to the organization.
2. If the commissioner deems it necessary for the security of the funds of a health
maintenance organization, the commissioner may require an official bond of each
officer and each employee of the organization in an amount not to exceed the sum of
money for which each is accountable.