§ 26.1-28-03 — Licensing of vending machine devices - Expiration date

North Dakota § 26.1-28-03

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-28: Insurance Vending Machines

Text

The insurance producer shall apply for a license for each vending machine to be used. The
commissioner shall prescribe the form of the application. A fee of two dollars for each vending
machine must be paid at the time of making the application. Upon approval of the application,
the commissioner shall issue to the insurance producer a special vending machine license. The

license applies to a specific vending machine or to any machine of identical type which, after
written notice by the insurance producer to the commissioner, is substituted for it. The license
must specify the name and address of the insurance producer, the name and home office
address of the insurer, the name or other identifying information of the policy or policies to be
sold, the serial number or other identification of the vending machine, and the address, including
the location on the premises, where the machine is to be in operation. A vending machine for
which a license has been issued for operation at a specific address may be transferred to a
different address during the license year upon written notice to the commissioner at the time of
the transfer. The license for each vending machine expires April thirtieth of each year, but may
be renewed from year to year by the commissioner upon approval of the application of the
insurance producer, the furnishing of information requested by the commissioner, and the
payment of two dollars for each license year or part thereof for each machine. Proof of the
existence of a subsisting license must be displayed on or about each vending machine in use in
the manner the commissioner may reasonably require.