North Dakota § 26.1-25-12 Examinations

North Dakota Statutes

§ 26.1-25-12 — Examinations

North Dakota § 26.1-25-12

Title 26.1Insurance

Ch. 26.1-25Fire, Property, and Casualty Insurance Rates

This text of North Dakota § 26.1-25-12 (Examinations) 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 § 26.1-25-12 (2026).

Text

The commissioner may, as often as the commissioner deems expedient, make or cause to
be made an examination of each advisory organization referred to in section 26.1-25-10.1 and
of each group, association, or other organization referred to in section 26.1-25-10.5. The
reasonable costs of any examination must be paid by the advisory organization, or group,
association, or other organization examined upon presentation to it of a detailed account of the
costs. The officer, manager, agents, and employees of the advisory organization, or group,
association, or other organization may be examined at any time under oath and shall exhibit all
books, records, accounts, documents, or agreements governing its method of operation.
The commissioner shall furnish two copies of the examination report to t

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The commissioner may, as often as the commissioner deems expedient, make or cause to
be made an examination of each advisory organization referred to in section 26.1-25-10.1 and
of each group, association, or other organization referred to in section 26.1-25-10.5. The
reasonable costs of any examination must be paid by the advisory organization, or group,
association, or other organization examined upon presentation to it of a detailed account of the
costs. The officer, manager, agents, and employees of the advisory organization, or group,
association, or other organization may be examined at any time under oath and shall exhibit all
books, records, accounts, documents, or agreements governing its method of operation.
The commissioner shall furnish two copies of the examination report to the organization,
group, or association examined and shall notify the organization, group, or association that it
may, within twenty days thereafter, request a hearing on the report or on any facts or
recommendations therein. Before filing any report for public inspection, the commissioner shall
grant a hearing to the organization, group, or association examined. The report of any
examination, when filed for public inspection, is admissible in evidence in any action or
proceeding brought by the commissioner against the organization, group, or association
examined, or its officers or agents, and is prima facie evidence of the facts stated therein. The
commissioner may withhold the report of any examination from public inspection for the time as
the commissioner deems proper.
In lieu of any such examination the commissioner may accept the report of an examination
made by the insurance supervisory official of another state, pursuant to the laws of that state.