N.D. Cent. Code § 26.1-34.2-04

Current through 2024 Legislative Session
Section 26.1-34.2-04 - Compliance mitigation - Enforceability - Penalty
1. An insurer is responsible for compliance with this chapter. If a violation occurs, either because of the action or inaction of the insurer or the insurer's producer, the commissioner may order:
a. An insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this chapter by the insurer or by the producer;
b. A general agency, independent agency, or the producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this chapter; and
c. Appropriate penalties and sanctions.
2. Any applicable penalty under section 26.1-01-03.3 for a violation of this chapter may be reduced or eliminated, according to a schedule adopted by the commissioner, if corrective action for the consumer was taken promptly after a violation was discovered.
3. The authority to enforce compliance with this section is vested exclusively with the commissioner.

N.D.C.C. § 26.1-34.2-04

Amended by S.L. 2021 , ch. 238( HB 1160 ), § 5, eff. 1/1/2022.
Amended by S.L. 2011 , ch. 217( HB 1160 ), § 5, eff. 8/1/2011.