26.1-26.5-05. Liability of controlling insurance broker in the event of insolvency of controlled insurer

26.1-26.5-05. Liability of controlling insurance broker in the event of insolvency of controlled insurer. If the commissioner has reason to believe that a controlling insurance broker has committed or is committing an act which could be determined to be a violation, and that the violation substantially contributed to the insolvency of a controlled insurer, the commissioner or receiver may maintain a civil action against the controlling insurance broker for all damages caused by the insurance broker's acts.