North Dakota § 26.1-25.1-06 Adverse action notification

North Dakota Statutes

§ 26.1-25.1-06 — Adverse action notification

North Dakota § 26.1-25.1-06

Title 26.1Insurance

Ch. 26.1-25.1Personal Insurance Credit Information

This text of North Dakota § 26.1-25.1-06 (Adverse action notification) 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 § 26.1-25.1-06 (2026).

Text

If an insurer takes an adverse action based upon credit information, the insurer must meet the notice requirements of this section. The insurer shall:

1.Provide notification to the consumer that an adverse action has been taken, in accordance with the requirements of the federal Fair Credit Reporting Act [Pub. L. 90-321; 15 U.S.C. 1681m(a)]; and

2.Provide notification to the consumer explaining the reason for the adverse action. The reasons must be provided in sufficiently clear and specific language so that a person can identify the basis for the insurer's decision to take an adverse action. The notification must include a description of up to four factors that were the primary influences of the adverse action. The use of generalized terms such as "poor credit history", "poor credit rat

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If an insurer takes an adverse action based upon credit information, the insurer must meet
the notice requirements of this section. The insurer shall:
1. Provide notification to the consumer that an adverse action has been taken, in
accordance with the requirements of the federal Fair Credit Reporting Act [Pub. L.
90-321; 15 U.S.C. 1681m(a)]; and
2. Provide notification to the consumer explaining the reason for the adverse action. The
reasons must be provided in sufficiently clear and specific language so that a person
can identify the basis for the insurer's decision to take an adverse action. The
notification must include a description of up to four factors that were the primary
influences of the adverse action. The use of generalized terms such as "poor credit
history", "poor credit rating", or "poor insurance score" does not meet the explanation
requirements of this subsection. Standardized credit explanations provided by
consumer reporting agencies or other third-party vendors are deemed to comply with
this section.