North Dakota § 26.1-42.1-13 Recognition of assessments in rates

North Dakota Statutes

§ 26.1-42.1-13 — Recognition of assessments in rates

North Dakota § 26.1-42.1-13

Title 26.1Insurance

Ch. 26.1-42.1Insurance Guaranty Association

This text of North Dakota § 26.1-42.1-13 (Recognition of assessments in rates) 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 § 26.1-42.1-13 (2026).

Text

The rate and premiums charged for insurance policies to which this chapter applies must
include amounts sufficient to recoup a sum equal to the amounts paid to the association by the
member insurer less any amounts returned to the member insurer by the association. These
rates may not be determined to be excessive because they contain an amount reasonably
calculated to recoup assessments paid by the member insurer.

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The rate and premiums charged for insurance policies to which this chapter applies must
include amounts sufficient to recoup a sum equal to the amounts paid to the association by the
member insurer less any amounts returned to the member insurer by the association. These
rates may not be determined to be excessive because they contain an amount reasonably
calculated to recoup assessments paid by the member insurer.