North Dakota § 26.1-42.1-03 Creation of the association

North Dakota Statutes

§ 26.1-42.1-03 — Creation of the association

North Dakota § 26.1-42.1-03

Title 26.1Insurance

Ch. 26.1-42.1Insurance Guaranty Association

This text of North Dakota § 26.1-42.1-03 (Creation of the association) 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 § 26.1-42.1-03 (2026).

Text

A nonprofit unincorporated legal entity known as the North Dakota insurance guaranty
association is created. Every insurer defined as a member insurer in section 26.1-42.1-02 shall
be and remain a member of the association as a condition of that insurer's authority to transact
insurance in this state. The association shall perform association functions under a plan of
operation established and approved under section 26.1-42.1-05 and shall exercise association
powers through a board of directors established under section 26.1-42.1-04.

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A nonprofit unincorporated legal entity known as the North Dakota insurance guaranty
association is created. Every insurer defined as a member insurer in section 26.1-42.1-02 shall
be and remain a member of the association as a condition of that insurer's authority to transact
insurance in this state. The association shall perform association functions under a plan of
operation established and approved under section 26.1-42.1-05 and shall exercise association
powers through a board of directors established under section 26.1-42.1-04.