North Dakota Statutes
§ 26.1-26-05 — Unlicensed person - Effect - Agent for insurer
A person not licensed as an insurance producer or surplus lines insurance producer who
sells, solicits, or negotiates an insurance policy on behalf of an insurer is an insurance producer
within the intent of this chapter and is liable for all the duties, requirements, liabilities, and
penalties to which an insurance producer of the insurer is subject. An insurer accepting
business from an unlicensed person through any of its officers, insurance producers, or
employees thereby acknowledges that person as an insurance producer acting on its behalf in
the transaction.
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North Dakota § 26.1-26-05 (Unlicensed person - Effect - Agent for insurer) — 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
Cash flow financing