Section 45-05-05-10 - Direct production1. Any risk retention group required to register in this state pursuant to section 3(d) of the Federal Liability Risk Retention Act of 1986 or section 45-05-05-02 which utilizes risk retention representatives in soliciting, negotiating, procuring, or providing liability insurance for its members located or resident within this state shall do so only through risk retention group representatives licensed in this state pursuant to North Dakota Century Code chapters 26.1-26, 26.1-44, and 26.1-46 and this chapter provided, however, nothing herein may be construed to prevent such a risk retention group from soliciting, negotiating, procuring, or providing liability insurance for its members located or resident within this state directly through its officers, directors, owners, partners, trustees, or full-time salaried employees not so licensed in this state. 2. Any purchasing group required to file notice of its intent to do business in this state pursuant to section 4(d)(1) of the Federal Liability Risk Retention Act of 1986, North Dakota Century Code section 26.1-46-07, or section 45-05-05-03 which utilizes purchasing group representatives in soliciting, negotiating, procuring, or providing liability insurance for its members located or resident within this state shall do so only through purchasing group representatives licensed in this state pursuant to North Dakota Century Code chapters 26.1-26, 26.1-44, and 26.1-46, and this chapter. N.D. Admin Code 45-05-05-10
Effective October 1, 1989.General Authority: NDCC 26.1-46-13, 28-32-02
Law Implemented: NDCC 26.1-46