1. Each insurer transacting credit insurance in this state shall be responsible for conducting a thorough periodic triennial review of creditors with respect to their credit insurance business

with such creditors to assure compliance with the insurance laws of this state and the regulation promulgated by the commissioner.

2. Written records of such reviews shall be maintained by the insurer for review by the commissioner.

History: Effective January 1, 2003.

General Authority: NDCC 26.1-37-15

Law Implemented: NDCC 26.1-37