N.D. Cent. Code § 26.1-34.1-02
26.1-34.1-02. Issuance of certificate of exemption to issue gift annuities
26.1-34.1-02. Issuance of certificate of exemption to issue gift annuities
The commissioner shall issue a certificate of exemption if:
1. All requirements of this chapter have been met; and
2. The commissioner is satisfied that the corporation is in a position to competently
execute its responsibilities relative to such annuity contracts.