NDAC 45-03-05-12.1

Acquisition of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurers

Last amended: 2016Year: 2026Length: 94 wordsOfficial source

Cite as N.D. Admin. Code ยง 45-03-05-12.1

1. If the person being acquired is deemed to be a "domestic insurer" solely because of the provisions of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03, the name of the domestic insurer on the cover page must be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company". 2. If subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurer is being acquired, references to "the insurer" contained in Form A must refer to both the domestic subsidiary insurer and the person being acquired.
NDAC 45-03-05-12.1: Acquisition of subdivision d of subsection 1 of North Dakota Century Code section 26.1-10-03 insurers | Justis AI