NDAC 45-04-01-02
Scope
Cite as N.D. Admin. Code § 45-04-01-02
1.
Except as hereafter exempted, this chapter shall apply to any solicitation, negotiation, or
procurement of life insurance occurring within this state. This chapter shall apply to any issuer
of life insurance contracts including fraternal benefit societies.
2.
Unless otherwise specifically included, this chapter shall not apply to:
a.
Annuities.
b.
Credit life insurance.
c.
Group life insurance.
d.
Life insurance policies issued in connection with pension and welfare plans as defined by
and which are subject to the federal Employee Retirement Income Security Act of 1974.
e.
Variable life insurance under which the death benefits and cash values vary in
accordance with unit values of investments held in a separate account.