North Dakota Statutes

§ 26.1-55-05 — Unfair trade practices - Liability limitation

North Dakota § 26.1-55-05
JurisdictionNorth Dakota
Title 26.1Insurance
Ch. 26.1-55Unclaimed Life Insurance Benefits

This text of North Dakota § 26.1-55-05 (Unfair trade practices - Liability limitation) 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 § 26.1-55-05 (2026).

Text

Failure to meet any requirement of this chapter is a violation of chapter 26.1-04. This chapter does not create a private cause of action for violation of this chapter. Once an insurer submits unclaimed life insurance benefits or unclaimed retained asset accounts, plus any applicable accrued interests, to the state abandoned property office in compliance with this chapter, the insurer is relieved and indemnified from additional liability to any person relating to the proceeds submitted. This indemnification from liability is in addition to any other protections provided by law.

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Bluebook (online)
North Dakota § 26.1-55-05, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-55-05.