North Dakota Code 26.1-44-03.3 – Exemption from diligent search requirements
Current as of: 2023 | Check for updates
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A licensed surplus line producer may procure a surplus line insurance contract from an eligible surplus lines insurer without making the required diligent search to procure the insurance from authorized insurers as specified under subsection 3 of section 26.1-44-03, if the risk was referred to the surplus line producer by an insurance producer licensed in this state.
Terms Used In North Dakota Code 26.1-44-03.3
- Contract: A legal written agreement that becomes binding when signed.
- 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