North Dakota § 26.1-26.5-04 Disclosure

North Dakota Statutes

§ 26.1-26.5-04 — Disclosure

North Dakota § 26.1-26.5-04

Title 26.1Insurance

Ch. 26.1-26.5Insurance Broker Controlled Insurer

This text of North Dakota § 26.1-26.5-04 (Disclosure) 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 § 26.1-26.5-04 (2026).

Text

The insurance broker, prior to the effective date of the policy, shall deliver written notice to
the prospective insured disclosing the relationship between the insurance broker and the
controlled insurer, except that, if the business is placed through an insurance broker who is not
a controlling insurance broker, the controlling insurance broker shall retain a signed commitment
from the insurance broker that the insurance broker is aware of the relationship between the
insurer and the insurance broker and that the insurance broker has or will notify the insured.

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The insurance broker, prior to the effective date of the policy, shall deliver written notice to
the prospective insured disclosing the relationship between the insurance broker and the
controlled insurer, except that, if the business is placed through an insurance broker who is not
a controlling insurance broker, the controlling insurance broker shall retain a signed commitment
from the insurance broker that the insurance broker is aware of the relationship between the
insurer and the insurance broker and that the insurance broker has or will notify the insured.