Current through 2024 Legislative Session
Section 26.1-13-12 - General powers, liabilities, and duties of county mutual company - Office - Name - LimitationsA county mutual insurance company has the powers and is subject to the liabilities and duties of other insurance companies, except:
1. If the company is organized by the residents of a single county, the name of the county together with the word "county" must be embraced in the corporate name of the company.2. Notwithstanding contrary territorial limitations in this chapter, a county mutual insurance company may operate and issue the following policies in all the counties of the state: a. Protection against loss or damage by any covered hazard to a seasonal dwelling if the primary residence is insured by the company in an authorized county.b. Protection against loss or damage by tornadoes;c. Protection against loss or damage by windstorms;d. Protection against loss or damage by cyclones;e. Protection against loss or damage by hail, except upon growing crops; andf. Protection against loss or damage by any hazard upon any risk upon livestock.Amended by S.L. 2019, ch. 236 (HB 1176),§ 6, eff. 8/1/2019.Amended by S.L. 2013, ch. 230 (HB 1150),§ 1, eff. 8/1/2013.