North Dakota § 26.1-23.1-05 Investment of assets - Subsidiary insurance company coverage

North Dakota Statutes

§ 26.1-23.1-05 — Investment of assets - Subsidiary insurance company coverage

North Dakota § 26.1-23.1-05

Title 26.1Insurance

Ch. 26.1-23.1Government Self-Insurance Pools

This text of North Dakota § 26.1-23.1-05 (Investment of assets - Subsidiary insurance company coverage) 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 § 26.1-23.1-05 (2026).

Text

A government self-insurance pool may only invest its funds and accumulations in those investments described in sections 26.1-05-19 and 26.1-10-02. If a government self-insurance pool investment is made under section 26.1-10-02, a resulting subsidiary insurance company may not write insurance coverage for:

1.North Dakota governmental entities, which competes with coverage offered by the fire and tornado fund under chapter 26.1-22 as that chapter existed on December 31, 1988;

2.Individuals;

3.For-profit organizations;

4.Nonprofit hospitals, clinics, nursing homes, churches, fraternal organizations, or organizations not performing quasi-governmental functions; or

5.Agricultural business cooperatives.

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A government self-insurance pool may only invest its funds and accumulations in those
investments described in sections 26.1-05-19 and 26.1-10-02. If a government self-insurance
pool investment is made under section 26.1-10-02, a resulting subsidiary insurance company
may not write insurance coverage for:
1. North Dakota governmental entities, which competes with coverage offered by the fire
and tornado fund under chapter 26.1-22 as that chapter existed on December 31,
1988;
2. Individuals;
3. For-profit organizations;

4. Nonprofit hospitals, clinics, nursing homes, churches, fraternal organizations, or
organizations not performing quasi-governmental functions; or
5. Agricultural business cooperatives.