North Dakota Code 26.1-11-08 – Grounds for revocation of authority of foreign company
Current as of: 2023 | Check for updates
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The commissioner shall revoke or suspend all certificates of authority granted to a foreign insurance company or to its agents if, upon examination or other evidence, the commissioner is of the opinion that:
Terms Used In North Dakota Code 26.1-11-08
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. The company is in an unsound condition.
2. The company has failed to comply with any provision of the applicable laws of this state.
3. The company, or any officer or agent thereof, has refused to submit to examination or to perform any other legal obligation.