North Dakota § 26.1-25.1-04 Dispute resolution and error correction

North Dakota Statutes

§ 26.1-25.1-04 — Dispute resolution and error correction

North Dakota § 26.1-25.1-04

Title 26.1Insurance

Ch. 26.1-25.1Personal Insurance Credit Information

This text of North Dakota § 26.1-25.1-04 (Dispute resolution and error correction) 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 § 26.1-25.1-04 (2026).

Text

If it is determined through the dispute resolution process set forth in the federal Fair Credit
Reporting Act [Pub. L. 90-321; 15 U.S.C. 1681i(a)(5)] that the credit information of a current
insured was incorrect or incomplete and if the insurer receives notice of such determination from
either the consumer reporting agency or from the insured, the insurer shall reunderwrite and
rerate the consumer within thirty days of receiving the notice. After reunderwriting or rerating the
insured, the insurer shall make any adjustments necessary, consistent with the insurer's
underwriting and rating guidelines. If an insurer determines that the insured has overpaid
premium, the insurer shall refund to the insured the amount of overpayment calculated back to
the shorter of either the last twelve month

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If it is determined through the dispute resolution process set forth in the federal Fair Credit
Reporting Act [Pub. L. 90-321; 15 U.S.C. 1681i(a)(5)] that the credit information of a current
insured was incorrect or incomplete and if the insurer receives notice of such determination from
either the consumer reporting agency or from the insured, the insurer shall reunderwrite and
rerate the consumer within thirty days of receiving the notice. After reunderwriting or rerating the
insured, the insurer shall make any adjustments necessary, consistent with the insurer's
underwriting and rating guidelines. If an insurer determines that the insured has overpaid
premium, the insurer shall refund to the insured the amount of overpayment calculated back to
the shorter of either the last twelve months of coverage or the actual policy period.