North Dakota § 26.1-53.1-11 Winding up of affairs

North Dakota Statutes

§ 26.1-53.1-11 — Winding up of affairs

North Dakota § 26.1-53.1-11

Title 26.1Insurance

Ch. 26.1-53.1Discount Plans

This text of North Dakota § 26.1-53.1-11 (Winding up of affairs) 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 § 26.1-53.1-11 (2026).

Text

If the registration of a discount plan organization is surrendered, revoked, or not renewed,
the discount plan organization shall proceed, immediately following surrender, or the effective
date of the order of revocation or, in the case of a nonrenewal, the date of expiration of the
registration, to wind up the organization's affairs transacted under the registration. The discount
plan organization may not engage in any further advertising, solicitation, collecting of fees, or
renewal of contracts.

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If the registration of a discount plan organization is surrendered, revoked, or not renewed,
the discount plan organization shall proceed, immediately following surrender, or the effective
date of the order of revocation or, in the case of a nonrenewal, the date of expiration of the
registration, to wind up the organization's affairs transacted under the registration. The discount
plan organization may not engage in any further advertising, solicitation, collecting of fees, or
renewal of contracts.