N.D. Cent. Code ch. 26.1-26 – Insurance Producers and Consultants | Midpage

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North Dakota Century Code

Chapter 26.1-26

N.D. Cent. Code ch. 26.1-26

Insurance Producers and Consultants

26.1-26-01Scope 26.1-26-02Definitions 26.1-26-03License required - Acting as insurance producer or consultant without license prohibited - Penalty 26.1-26-04Commissions 26.1-26-04.1Fees for services - Rules 26.1-26-05Unlicensed person - Effect - Agent for insurer 26.1-26-06Insurance producer - Agent of insurer 26.1-26-07Insurance producer - Agent of insured 26.1-26-08Licensing of partnership, limited liability partnership, corporation, or limited liability company - Notice of change of individuals 26.1-26-09Exceptions to licensing requirements 26.1-26-10Consultant - Exceptions to licensing requirement 26.1-26-11License of insurance producer - Lines of insurance 26.1-26-11.1Authority to define procedures and requirements 26.1-26-12License application - Accompanied by fees 26.1-26-13Insurance agent - Application - Age - Appointment by insurer 26.1-26-13.1Appointments 26.1-26-13.2Application for examination 26.1-26-13.3Application for license 26.1-26-13.4Biennial license continuation 26.1-26-13.5Application deemed withdrawn 26.1-26-14Investigation by commissioner 26.1-26-15License requirement - Character 26.1-26-15.1Prelicensure education 26.1-26-16License requirement - Insurance broker - Experience 26.1-26-16.1Errors and omissions insurance - License requirement for insurance brokers 26.1-26-16.2Payment of commissions by brokers - Limitations 26.1-26-17License requirement - Surplus lines insurance producer 26.1-26-18License requirement - Brokers - Bond 26.1-26-19Determination of residency for license issuance - Election of residency - When void 26.1-26-20Nonresident licensing 26.1-26-21Agents to designate commissioner as attorney for service of process - Fee 26.1-26-22Proceedings by commissioner - Service of process - Procedure 26.1-26-23Examination of individuals 26.1-26-24Examination when partnership, limited liability partnership, corporation, or limited liability company is applicant 26.1-26-25Exceptions from examination 26.1-26-25.1Assumed names 26.1-26-26Temporary license as an insurance producer 26.1-26-27Approval of examination by commissioner - Contents 26.1-26-28Time and place of examination - Grading of examination - Notice of results 26.1-26-29Failure to pass examination - Re-examination 26.1-26-30Contents of license 26.1-26-30.1Vendor authority 26.1-26-31Term of license 26.1-26-31.1Continuing education required - Exceptions 26.1-26-31.2Continuing education advisory task force 26.1-26-31.3Accreditation of courses 26.1-26-31.4Report of compliance 26.1-26-31.5Extension 26.1-26-31.6Credit for teaching 26.1-26-31.7Credit for out-of-state courses 26.1-26-31.8License revocation 26.1-26-31.9Credit for active participation 26.1-26-32Renewal of appointments and licenses - Annual fee 26.1-26-33Notification of address change - Duty of licensee 26.1-26-33.1Notification of electronic mailing address used by regulator 26.1-26-34Notification to commissioner of termination 26.1-26-35Duties of consultant - Agreements 26.1-26-36Surplus lines insurance producer's authority 26.1-26-37Lost, stolen, or destroyed license - Issuance of duplicate 26.1-26-38Controlled business prohibited - Definition - Formula for determination 26.1-26-39Refusal of license - Notification of applicant - No refund of fees 26.1-26-40Refusal of initial license - Notice - Hearing 26.1-26-41Prohibited activities by consultants 26.1-26-42License suspension, revocation, or refusal - Grounds 26.1-26-42.1Revocation of nonresident license 26.1-26-43License suspension, revocation, or refusal - Business entity - Additional ground 26.1-26-44Notification of suspension, revocation, or refusal - Duty of commissioner 26.1-26-45Notification of suspension or revocation of nonresident license 26.1-26-45.1Reporting of actions 26.1-26-46License suspension or revocation - Duty of licensee 26.1-26-47Reciprocal provision - Retaliatory action 26.1-26-47.1Reciprocity 26.1-26-48Commissioner may make examinations and investigations 26.1-26-49Rulemaking authority 26.1-26-50Civil penalty for violation of chapter 26.1-26-51Statute of limitations 26.1-26-52Insurance license for automobile rental agencies - Exception 26.1-26-53Controlled business prohibited - Definition - Formula for determination 26.1-26-54Insurance licenses for limited lines travel insurance producers 26.1-26-55Rulemaking 26.1-26-56Insurance producer records - Exempt record