North Dakota Statutes
§ 26.1-24-09 — Sale or negotiation of premium note prohibited - Penalty
North Dakota § 26.1-24-09
This text of North Dakota § 26.1-24-09 (Sale or negotiation of premium note prohibited - Penalty) 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 § 26.1-24-09 (2026).
Text
A promissory note taken in settlement of the first premium on any life, health, or accident
insurance policy may not be sold or negotiated in any manner prior to the applicant's medical
examination, when one is required, nor a binding receipt for the premium signed by an
authorized insurance producer of the insurance company has been delivered to the applicant,
nor until the insurance company has received the application and medical examination. Any
person violating this section is guilty of a class B misdemeanor.
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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 financingCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 26.1-24-09, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-24-09.