NDAC 45-03-07-06
Withdrawal of approval of reinsurer
Cite as N.D. Admin. Code § 45-03-07-06
The commissioner may withdraw approval if at any time the commissioner has reason to believe
that any reinsurer:
1.
Is in unsound financial condition;
2.
Is no longer eligible under North Dakota Century Code section 26.1-02-20 or this chapter; or
3.
Has willfully violated the laws of this state.
The commissioner shall promptly mail notice of such withdrawal to the reinsurer and to each licensed
insurer whose most recent annual statement shows it was reinsured by such reinsurer.