N.D. Cent. Code § 26.1-42.1-13

Current through the 2023 Legislative Sessions

Section 26.1-42.1-13 - Recognition of assessments in rates

The rate and premiums charged for insurance policies to which this chapter applies must include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. These rates may not be determined to be excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

N.D.C.C. § 26.1-42.1-13