North Dakota § 26.1-26.5-05 Liability of controlling insurance broker in the event of insolvency of controlled insurer

North Dakota Statutes

§ 26.1-26.5-05 — Liability of controlling insurance broker in the event of insolvency of controlled insurer

North Dakota § 26.1-26.5-05

Title 26.1Insurance

Ch. 26.1-26.5Insurance Broker Controlled Insurer

This text of North Dakota § 26.1-26.5-05 (Liability of controlling insurance broker in the event of insolvency of controlled insurer) 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 § 26.1-26.5-05 (2026).

Text

controlled insurer.
If the commissioner has reason to believe that a controlling insurance broker has committed
or is committing an act which could be determined to be a violation, and that the violation
substantially contributed to the insolvency of a controlled insurer, the commissioner or receiver
may maintain a civil action against the controlling insurance broker for all damages caused by
the insurance broker's acts.

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controlled insurer.
If the commissioner has reason to believe that a controlling insurance broker has committed
or is committing an act which could be determined to be a violation, and that the violation
substantially contributed to the insolvency of a controlled insurer, the commissioner or receiver
may maintain a civil action against the controlling insurance broker for all damages caused by
the insurance broker's acts.