North Dakota § 65-04-20 Installment payment of premiums - Interest required

North Dakota Statutes

§ 65-04-20 — Installment payment of premiums - Interest required

North Dakota § 65-04-20

Title 65Workforce Safety and Insurance

Ch. 65-04The Fund and Premium Payments Thereto

This text of North Dakota § 65-04-20 (Installment payment of premiums - Interest required) 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 § 65-04-20 (2026).

Text

An employer, subject to section 65-04-22, may pay the annual premium in installments.
Interest must be charged at the prevailing base rate posted by the Bank of North Dakota
plus two and one-half percent. The interest charged must be at least six percent per annum.
Interest must be charged on all premiums deferred under this section. Upon default in payment
of any installment, the penalties apply which are provided in sections 65-04-22 and 65-04-33.

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An employer, subject to section 65-04-22, may pay the annual premium in installments.
Interest must be charged at the prevailing base rate posted by the Bank of North Dakota
plus two and one-half percent. The interest charged must be at least six percent per annum.
Interest must be charged on all premiums deferred under this section. Upon default in payment
of any installment, the penalties apply which are provided in sections 65-04-22 and 65-04-33.