North Dakota Code 26.1-13-19 – Reinsurance of excessive losses
Current as of: 2023 | Check for updates
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Upon approval by the commissioner, any county mutual insurance company may reinsure in a single contract, with other county mutual insurance companies, against excessive losses on all insurance contracts written.
Terms Used In North Dakota Code 26.1-13-19
- Contract: A legal written agreement that becomes binding when signed.
- written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37