N.D. Cent. Code § 26.1-42.1-03

Current through the 2023 Legislative Sessions
Section 26.1-42.1-03 - Creation of the association

A nonprofit unincorporated legal entity known as the North Dakota insurance guaranty association is created. Every insurer defined as a member insurer in section 26.1-42.1-02 shall be and remain a member of the association as a condition of that insurer's authority to transact insurance in this state. The association shall perform association functions under a plan of operation established and approved under section 26.1-42.1-05 and shall exercise association powers through a board of directors established under section 26.1-42.1-04.

N.D.C.C. § 26.1-42.1-03