§ 26.1-26.9-02 — Licensure of owners

North Dakota § 26.1-26.9-02

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-26.9: Self-Service Storage Insurance

Text

1. An owner shall obtain from the insurance commissioner and hold a limited lines
license under this section if the owner sells, solicits, or offers coverage for self-service
storage insurance. This section does not require an owner to be licensed solely to
display and make available to occupants and prospective occupants brochures and
other promotional materials created by or on behalf of an authorized insurer or surplus
lines insurer.
2. A limited lines license issued under this section is limited to authorizing an owner and
the owner's employees and authorized representatives to sell, solicit, and offer
coverage for self-service storage insurance to occupants.
3. A limited lines license issued under this section authorizes an owner and the owner's
employees and authorized representatives to sell, solicit, and offer self-service storage
insurance coverage at each location at which the owner conducts business.
4. The owner or supervising entity shall maintain a registry of owner locations authorized
to sell, solicit, or offer self-service storage insurance coverage in this state. Upon
request by the commissioner, and with five days' notice, the owner or supervising
entity shall provide the registry to the commissioner for inspection and examination.
5. Notwithstanding any other provision of law, a license issued under this section
authorizes the licensee and the licensee's employees and authorized representatives
to engage only in activities permitted by this chapter in connection with the business of
insurance unless authorized to do so under another license issued by the
commissioner.