Definitions

As used in this chapter: 1. "Certificate of self-insurance" means the certificate issued by the commissioner authorizing a person to be a self-insurer. 2. "Commissioner" means the insurance commissioner of North Dakota. 3. "Person" or "persons" means any individual, partnership, corporation, or other legal entity who are owners of one or more motor vehicles operated in North Dakota by them or with their permission. 4. "Security requirement" means the financial ability of a person to make payment of basic no-fault benefits of thirty thousand dollars per person per accident; motor vehicle liability insurance of twenty-five thousand dollars per person, fifty thousand dollars per accident, and twenty-five thousand dollars property damage; and uninsured motorist protection of twenty-five thousand dollars per person and fifty thousand dollars per accident. 5. "Self-insurance" means any person who establishes a self-administered plan to meet the security requirements as required by North Dakota Century Code chapter 26.1-41, the North Dakota Auto Accident Reparations Act. 6. "Self-insurer" means a person who has an approved plan of self-insurance and holds a certificate of self-insurance. 7. "Undertaking" means a continuing agreement by any person, or persons, or their duly authorized officers and agents, to pay basic no-fault benefits and the liabilities covered by motor vehicle liability insurance and to perform all other obligations imposed by North Dakota Century Code chapter 26.1-41.