North Dakota § 26.1-21-14 Action against the fund - Failure to act is disallowance - Limitation - Interest

North Dakota Statutes

§ 26.1-21-14 — Action against the fund - Failure to act is disallowance - Limitation - Interest

North Dakota·Title 26.1 Insurance·Ch. 26.1-21 State Bonding Fund

Interest.

1.An action may not be brought against the fund until a claim has been presented to the office under this chapter and the office has refused to allow the claim.

2.An action brought against the fund for a claim must be commenced within one year after presenting the claim to the office. The liability of the fund is limited to a breach of a condition of the bond which occurred within two years before the date of presenting the claim to the office.

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Interest.
1. An action may not be brought against the fund until a claim has been presented to the
office under this chapter and the office has refused to allow the claim.
2. An action brought against the fund for a claim must be commenced within one year
after presenting the claim to the office. The liability of the fund is limited to a breach of
a condition of the bond which occurred within two years before the date of presenting
the claim to the office.

North Dakota § 26.1-21-14 (Action against the fund - Failure to act is disallowance - Limitation - Interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.