N.D. Cent. Code ch. 26.1-22 – State Fire and Tornado Fund | Midpage

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North Dakota Century Code

Chapter 26.1-22

N.D. Cent. Code ch. 26.1-22

State Fire and Tornado Fund

26.1-22-01Definitions 26.1-22-02State fire and tornado fund - Office of management and budget - Continuing appropriation 26.1-22-02.1Insurance against indirect losses 26.1-22-03Employment of assistants - Expenditures from fund - Continuing appropriation 26.1-22-03.1North Dakota insurance reserve fund - Producers - Commission 26.1-22-04Investment of fund 26.1-22-05Public, international peace garden, and winter show buildings insurable in fund 26.1-22-06Commissioner to adopt guidelines on insurable values 26.1-22-06.1Replacement cost appraisal required on state-owned property 26.1-22-07Certain property of state and of Bank of North Dakota excepted 26.1-22-08Townships and school districts have option as to insurance on certain property 26.1-22-09Buildings reported to office - Replacement cost appraisal 26.1-22-10Insurance for buildings and personal property - Additional coverage - Township and school district property 26.1-22-10.1State-owned property - Insured at replacement cost 26.1-22-10.2School district - Leased property - Insurability 26.1-22-11Arbitration of value or loss 26.1-22-12Policy fee 26.1-22-13Reserve balance - Payment of loss 26.1-22-14Assessments - Collections - Minimum fund balance - Bond and borrowing authorization 26.1-22-15Collection of premiums and assessments 26.1-22-16Unreasonably hazardous risks - Mitigation - Insurance cancellation 26.1-22-17Losses - Limitation 26.1-22-18Arbitration of loss 26.1-22-19Repair or replacement of destroyed buildings 26.1-22-20Replacement of policies 26.1-22-21Excess loss reinsurance - Insurance broker of record 26.1-22-21.1Insurance broker of record 26.1-22-22Waiver of subrogation rights during construction