North Dakota § 26.1-26.9-05 Application for license and fees

North Dakota Statutes

§ 26.1-26.9-05 — Application for license and fees

North Dakota § 26.1-26.9-05

Title 26.1Insurance

Ch. 26.1-26.9Self-Service Storage Insurance

This text of North Dakota § 26.1-26.9-05 (Application for license and fees) 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 § 26.1-26.9-05 (2026).

Text

1.An owner selling, soliciting, or offering self-service storage insurance shall apply to the commissioner.

2.

a.The applicant shall provide the name, residential address, and other information required by the commissioner for the supervising entity designated by the applicant as the person responsible for the owner's compliance with the insurance laws, rules, and regulations of this state.

b.If the owner derives more than fifty percent of the owner's revenue from the sale of self-service storage insurance, the names, residential addresses, and other information required by the commissioner must be provided for all officers, directors, and shareholders of record having beneficial ownership of ten percent or more.

3.Each owner licensed under this chapter shall pay to the commissioner a

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1. An owner selling, soliciting, or offering self-service storage insurance shall apply to the
commissioner.
2. a. The applicant shall provide the name, residential address, and other information
required by the commissioner for the supervising entity designated by the
applicant as the person responsible for the owner's compliance with the
insurance laws, rules, and regulations of this state.
b. If the owner derives more than fifty percent of the owner's revenue from the sale
of self-service storage insurance, the names, residential addresses, and other
information required by the commissioner must be provided for all officers,
directors, and shareholders of record having beneficial ownership of ten percent
or more.
3. Each owner licensed under this chapter shall pay to the commissioner a fee as
prescribed by the commissioner.
4. An owner selling, soliciting, or offering self-service storage insurance before the
effective date of this Act shall apply for licensure within ninety days of the application
being made available by the commissioner. An applicant that begins to sell, solicit, or
offer self-service storage insurance after the effective date of this Act shall obtain a
license before selling, soliciting, or offering self-service storage insurance.