This chapter does not apply to terminations for abandonment, insolvency of the terminating company, gross and willful misconduct, refusal, suspension, revocation, or termination of the insurance producer’s license by the insurance commissioner, sale or material change or ownership of agency, fraud, material misrepresentation or failure to pay an independent insurance producer’s account less the independent insurance producer’s commission and any disputed items within thirty days after written demand by the company.

Terms Used In North Dakota Code 26.1-26.1-04

  • Fraud: Intentional deception resulting in injury to another.
  • 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

                            

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