N.D. Cent. Code § 26.1-15.1-29

Current through 2024 Legislative Session
Section 26.1-15.1-29 - Foreign or alien society - Admission

No foreign society may transact business in this state without a license issued by the commissioner. Any foreign society desiring admission to this state shall comply with the requirements and limitations of this chapter applicable to domestic societies. Any foreign society may be licensed to transact business in this state upon filing with the commissioner:

1. A duly certified copy of its articles of incorporation;
2. A copy of its bylaws, certified by its secretary or corresponding officer;
3. A power of attorney to the commissioner as required under section 26.1-15.1-35;
4. A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country, satisfactory to the commissioner;
5. Certification from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business therein;
6. Copies of its certificate forms; and
7. Such other information as the commissioner may deem necessary.

The foreign society shall also show that its assets are invested in accordance with this chapter.

N.D.C.C. § 26.1-15.1-29