North Dakota § 26.1-42.1-10 Prevention of insolvencies

North Dakota Statutes

§ 26.1-42.1-10 — Prevention of insolvencies

North Dakota § 26.1-42.1-10

Title 26.1Insurance

Ch. 26.1-42.1Insurance Guaranty Association

This text of North Dakota § 26.1-42.1-10 (Prevention of insolvencies) 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 § 26.1-42.1-10 (2026).

Text

To aid in the detection and prevention of insurer insolvencies:

1.The board of directors, upon majority vote, may make recommendations to the commissioner for the detection and prevention of insurer insolvencies.

2.The board of directors, upon majority vote, may make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency.

3.The board of directors, at the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, may prepare a report on the history and causes of the insolvency, based on the information available to the association and submit this report to the commissioner.

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To aid in the detection and prevention of insurer insolvencies:
1. The board of directors, upon majority vote, may make recommendations to the
commissioner for the detection and prevention of insurer insolvencies.
2. The board of directors, upon majority vote, may make recommendations to the
commissioner on matters generally related to improving or enhancing regulation for
solvency.
3. The board of directors, at the conclusion of any domestic insurer insolvency in which
the association was obligated to pay covered claims, may prepare a report on the
history and causes of the insolvency, based on the information available to the
association and submit this report to the commissioner.