N.D. Admin. Code 13-02-14-04

Current through Supplement No. 394, October, 2024

Section 13-02-14-04 - Financial information

Prior to purchasing a policy, the board of directors shall evaluate the financial condition and rating, if any, of the insurance company by acquiring adequate and current financial information. The board shall, on at least an annual basis, continue to evaluate the company's financial condition and rating.

N.D. Admin Code 13-02-14-04

Effective April 1, 1992.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-03-02