North Dakota Code 26.1-13-12 – General powers, liabilities, and duties of county mutual company – Office – Name – Limitations
A county mutual insurance company has the powers and is subject to the liabilities and duties of other insurance companies, except:
Terms Used In North Dakota Code 26.1-13-12
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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. If the company is organized by the residents of a single county, the name of the county together with the word “county” must be embraced in the corporate name of the company.
2. Notwithstanding contrary territorial limitations in this chapter, a county mutual insurance company may operate and issue the following policies in all the counties of the state:
a. Protection against loss or damage by any covered hazard to a seasonal dwelling if the primary residence is insured by the company in an authorized county.
b. Protection against loss or damage by tornadoes; c. Protection against loss or damage by windstorms; d. Protection against loss or damage by cyclones; e. Protection against loss or damage by hail, except upon growing crops; and
f. Protection against loss or damage by any hazard upon any risk upon livestock.