Risk retention group representative or purchasing group representative

memorandum. Any risk retention group representative or purchasing group representative effecting insurance on any risk located, resident or to be performed within or properly allocated to this state with an unauthorized risk retention group or unauthorized insurer, pursuant to the Federal Liability Risk Retention Act of 1986 and this chapter, shall file with the commissioner a summary memorandum, in a form the commissioner prescribes or accepts, setting forth the facts concerning the placement of such insurance so as to identify the coverage and the tax payable to the state relative thereto pursuant to North Dakota Century Code chapter 26.1-44. The risk retention group representative or purchasing group representative shall file this memorandum with the commissioner on or before April first of each year in which the premium or consideration is due. Any risk retention group representative or purchasing group representative may contract with the unauthorized risk retention group or unauthorized insurer or with a purchasing group for which it acts to provide for the unauthorized risk retention group, the unauthorized insurer, or the purchasing group filing this memorandum on behalf of the risk retention group representative or purchasing group representative in accordance with this section, provided the risk retention group representative or purchasing group representative notifies the commissioner of such delegation and files with the commissioner a copy of the contract authorizing such alternative method of filing prior to the effective date of such delegation.