North Dakota Statutes
§ 26.1-24-09 — Sale or negotiation of premium note prohibited - Penalty
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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North Dakota § 26.1-24-09 (Sale or negotiation of premium note prohibited - Penalty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
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