North Dakota § 26.1-27-03.1 Bond or insurance requirement

North Dakota Statutes

§ 26.1-27-03.1 — Bond or insurance requirement

North Dakota § 26.1-27-03.1

Title 26.1Insurance

Ch. 26.1-27Administrators of Life or Health Insurance or Annuities

This text of North Dakota § 26.1-27-03.1 (Bond or insurance requirement) 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 § 26.1-27-03.1 (2026).

Text

An administrator that administers or will administer self-insured plans in this state shall maintain a surety bond or proof of insurance satisfactory to the commissioner for the use and benefit of the commissioner for covered persons who have remitted premiums or insurance charges or other moneys to the administrator in the course of the administrator's business in the greater of the following amounts:

1.One hundred thousand dollars; or

2.Ten percent of the aggregate total amount of administered coverage under the plans handled in this state.

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An administrator that administers or will administer self-insured plans in this state shall
maintain a surety bond or proof of insurance satisfactory to the commissioner for the use and
benefit of the commissioner for covered persons who have remitted premiums or insurance
charges or other moneys to the administrator in the course of the administrator's business in the
greater of the following amounts:
1. One hundred thousand dollars; or
2. Ten percent of the aggregate total amount of administered coverage under the plans
handled in this state.