North Dakota § 26.1-36.7-08 Reinsurance

North Dakota Statutes

§ 26.1-36.7-08 — Reinsurance

North Dakota § 26.1-36.7-08

Title 26.1Insurance

Ch. 26.1-36.7Reinsurance Association

This text of North Dakota § 26.1-36.7-08 (Reinsurance) 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 § 26.1-36.7-08 (2026).

Text

For claims of an insured which total at least one hundred thousand dollars and not more
than one million dollars incurred per plan year, a member insurer must be reinsured by the
association at an amount not exceeding seventy-five percent of the member insurer's
responsibility for claims incurred by the insured pursuant to the terms of an individual health
benefit plan. The board shall annually determine the attachment points and coinsurance
percentage for association claims for each plan year on or before April first of the preceding
year.

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For claims of an insured which total at least one hundred thousand dollars and not more
than one million dollars incurred per plan year, a member insurer must be reinsured by the
association at an amount not exceeding seventy-five percent of the member insurer's
responsibility for claims incurred by the insured pursuant to the terms of an individual health
benefit plan. The board shall annually determine the attachment points and coinsurance
percentage for association claims for each plan year on or before April first of the preceding
year.