North Dakota Code 26.1-26.1-03 – Notice of termination
Current as of: 2023 | Check for updates
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Contracts between an independent insurance producer and any property and casualty insurance company may not be terminated or amended by the company except by mutual agreement or unless ninety-day prior written notice has been provided to the independent insurance producer. The rate of commission and renewal terms must be in accordance with those in effect immediately prior to the termination.
Terms Used In North Dakota Code 26.1-26.1-03
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- 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