North Dakota Statutes

§ 26.1-57-02 — Scope

North Dakota § 26.1-57-02
JurisdictionNorth Dakota
Title 26.1Insurance
Ch. 26.1-57Guaranteed Asset Protection Waivers

This text of North Dakota § 26.1-57-02 (Scope) 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 § 26.1-57-02 (2026).

Text

1.This chapter does not apply to:
a.An insurance policy offered by an insurer under the insurance laws of this state;
b.A debt cancellation or debt suspension contract offered in compliance with title 12, Code of Federal Regulations, part 37 or title 12, Code of Federal Regulations, part 721, or other federal law; or
c.A debt cancellation or debt suspension contract offered by a bank or credit union chartered under the laws of this state.
2.Guaranteed asset protection waivers are not insurance and, except as provided under this chapter, are exempt from the insurance laws of this state. A person marketing, selling, or offering to sell guaranteed asset protection waivers to borrowers which complies with this chapter is exempt from the insurance requirements of this state.

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Bluebook (online)
North Dakota § 26.1-57-02, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/26.1-57-02.