North Dakota § 26.1-52-02 Definitions

North Dakota Statutes

§ 26.1-52-02 — Definitions

North Dakota § 26.1-52-02

Title 26.1Insurance

Ch. 26.1-52Property Insurance Placement Facility

This text of North Dakota § 26.1-52-02 (Definitions) 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 § 26.1-52-02 (2026).

Text

As used in this chapter:

1."Basic property insurance" means insurance against direct loss to property as defined and limited in standard fire policies and extended coverage endorsements thereon.

2."Homeowners insurance" means insurance on owner-occupied dwellings providing personal multiperil property and liability coverage.

3."Insurer" means an insurance company authorized to write and that is engaged in writing in North Dakota, on a direct basis, basic property and homeowners insurance or components thereof.

4."North Dakota property insurance placement facility" or "facility" means the organization formed by insurers to assist applicants in securing basic property or homeowners insurance.

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As used in this chapter:
1. "Basic property insurance" means insurance against direct loss to property as defined
and limited in standard fire policies and extended coverage endorsements thereon.
2. "Homeowners insurance" means insurance on owner-occupied dwellings providing
personal multiperil property and liability coverage.
3. "Insurer" means an insurance company authorized to write and that is engaged in
writing in North Dakota, on a direct basis, basic property and homeowners insurance
or components thereof.
4. "North Dakota property insurance placement facility" or "facility" means the
organization formed by insurers to assist applicants in securing basic property or
homeowners insurance.