North Dakota § 26.1-20.1-02 License required - Renewal - Application

North Dakota Statutes

§ 26.1-20.1-02 — License required - Renewal - Application

North Dakota § 26.1-20.1-02

Title 26.1Insurance

Ch. 26.1-20.1Insurance Premium Finance Companies

This text of North Dakota § 26.1-20.1-02 (License required - Renewal - Application) 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 § 26.1-20.1-02 (2026).

Text

1.No person may finance insurance premiums in this state without a license issued by the commissioner. Licenses may be renewed each year upon payment of the required fee.

2.The commissioner shall issue or renew a license if the commissioner finds that the person to be licensed:

a.Is competent and trustworthy and intends to act in good faith in the financing of insurance premiums;

b.Has a good business reputation and has had experience, training, or education qualifying the person to finance insurance premiums; and

c.If a corporation, is incorporated under the laws of this state or is a foreign corporation authorized to transact business in this state or if a limited liability company, is organized under the laws of this state or is a foreign limited liability company authorized to tra

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1. No person may finance insurance premiums in this state without a license issued by
the commissioner. Licenses may be renewed each year upon payment of the required
fee.
2. The commissioner shall issue or renew a license if the commissioner finds that the
person to be licensed:
a. Is competent and trustworthy and intends to act in good faith in the financing of
insurance premiums;
b. Has a good business reputation and has had experience, training, or education
qualifying the person to finance insurance premiums; and
c. If a corporation, is incorporated under the laws of this state or is a foreign
corporation authorized to transact business in this state or if a limited liability
company, is organized under the laws of this state or is a foreign limited liability
company authorized to transact business in this state.
3. This chapter does not apply to insurance producers; insurers who finance their own
premiums; banks; savings and loan associations; credit unions; annuity, safe deposit,
and trust companies; subsidiary trust companies; small loan companies; licensed
money brokers; or other financial institutions licensed to do business in this state.