Section 45-05-05-04 - Liability purchasing group notice of intent1. Any purchasing group which intends to do business in this state, before soliciting any member to insure through the group any liability risk located, resident or to be performed in this state, shall furnish notice of its intent to do business to the commissioner, in the form and manner prescribed by the commissioner, sworn to by the president, chief executive officer, secretary, partner, trustee, or such other officer or party who, under the organizational plan of the group, has authority to bind the group with that person's signature, on forms the commissioner designates and furnishes, providing such information and documentation as the commissioner shall require pursuant to North Dakota Century Code section 26.1-46-07. 2. Any purchasing group which has filed with the commissioner its notice of intent to do business pursuant to section 4(d)(1) of the Federal Liability Risk Retention Act of 1986 or North Dakota Century Code section 26.1-46-07 prior to October 1, 1989, shall comply with subsection 1 by registering in the form prescribed by subsection 1 on or before December 1, 1989. N.D. Admin Code 45-05-05-04
Effective October 1, 1989.General Authority: NDCC 26.1-46-13, 28-32-02
Law Implemented: NDCC 26.1-46