North Dakota § 26.1-33-20 Computation of paid-up nonforfeiture benefits

North Dakota Statutes

§ 26.1-33-20 — Computation of paid-up nonforfeiture benefits

North Dakota § 26.1-33-20

Title 26.1Insurance

Ch. 26.1-33Life Insurance

This text of North Dakota § 26.1-33-20 (Computation of paid-up nonforfeiture benefits) 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 § 26.1-33-20 (2026).

Text

Any paid-up nonforfeiture benefit available under the policy in the event of default in a
premium payment due on any policy anniversary must be such that its present value as of the
anniversary must be at least equal to the cash surrender value then provided for by the policy
or, if none is provided for, that cash surrender value which would have been required by
sections 26.1-33-18 through 26.1-33-28 in the absence of the condition that premiums must
have been paid for at least a specified period.

Free access — add to your briefcase to read the full text and ask questions with AI

Any paid-up nonforfeiture benefit available under the policy in the event of default in a
premium payment due on any policy anniversary must be such that its present value as of the
anniversary must be at least equal to the cash surrender value then provided for by the policy
or, if none is provided for, that cash surrender value which would have been required by
sections 26.1-33-18 through 26.1-33-28 in the absence of the condition that premiums must
have been paid for at least a specified period.