N.D. Cent. Code § 26.1-01-07.2
26.1-01-07.2. Insurance regulatory trust fund investment
26.1-01-07.2. Insurance regulatory trust fund investment
1. It is the responsibility of the insurance department, charged with the administration of
the insurance regulatory trust fund, to make such moneys available for investment as
fully as is consistent with the cash requirements of the fund and to authorize
investment of such moneys by the state investment board.
2. The insurance department shall monthly notify the state investment board of the
amount available for investment, and the moneys must be invested by the investing
authority according to the laws relating to state investments. Such notification must
include the name and number of the fund for which the investments are to be made
and the life of the investment if the principal sum is to be required for meeting
obligations.
3. All earnings derived from such investments must be paid into the insurance regulatory
trust fund.