N.D. Cent. Code ch. 26.1-33 – Life Insurance | Midpage

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North Dakota Century Code

Chapter 26.1-33

N.D. Cent. Code ch. 26.1-33

Life Insurance

26.1-33-01Life insurance policy contains entire contract 26.1-33-02Solicitation of life insurance regulated by rule of the commissioner 26.1-33-02.1Life insurance policies and certificates - Right to return 26.1-33-03Form of life insurance policy restricted 26.1-33-04Single premium and nonparticipating life policies 26.1-33-05Provisions required in life policy 26.1-33-06Provisions prohibited in life policy 26.1-33-07Life policy issued by domestic companies in foreign state may conform to laws thereof 26.1-33-08Exempted companies 26.1-33-09Cooperative or assessment life association must identify policies 26.1-33-10Agreement depriving insured in life policy of right to apportionment of surplus and automatic insurance void 26.1-33-11Group life policy - Required provisions 26.1-33-12Group life policy conversion privileges 26.1-33-12.1Life of a child - Disclosure 26.1-33-13Variable life contracts - Separate accounts 26.1-33-14License required for variable life contracts 26.1-33-15Content of variable life contracts 26.1-33-16Policy provisions exceptions for variable life contracts 26.1-33-17Rulemaking authority relating to variable life contracts 26.1-33-18Nonforfeiture benefits 26.1-33-19Computation of cash surrender value 26.1-33-20Computation of paid-up nonforfeiture benefits 26.1-33-21Calculation of adjusted premiums 26.1-33-22Calculation of adjusted premiums - Ordinary policies 26.1-33-23Calculation of adjusted premiums - Industrial policies 26.1-33-24Calculations of adjusted premiums by the nonforfeiture net level premium method 26.1-33-25Nonforfeiture benefits for indeterminate premium plans 26.1-33-26Benefits on default off the anniversary - Exempted benefits 26.1-33-27Determination of minimum values after January 1, 1987 26.1-33-28Exceptions 26.1-33-29Applicability of life policy simplification standards 26.1-33-30Minimum life policy language simplification standards 26.1-33-31Approval of life policy forms 26.1-33-32Effect of life policy simplification standards on filed policies 26.1-33-33Life policy transferable 26.1-33-34Notice of transfer of life policy unnecessary - Exception 26.1-33-35Insurance in favor of corporation or limited liability company on life of corporate officer or employee or limited liability company manager or employee - Powers of corporation or limited liability company 26.1-33-36Rights in life policies exempt from claims of creditors 26.1-33-37Suicide - Determination - No defense to life policy or certificate after one year 26.1-33-38Measure of indemnity in life policy 26.1-33-39Life policy - When payable 26.1-33-40Avails of life policy payable to deceased or to the deceased's heirs, personal representatives, or estate - Exemption - Distribution 26.1-33-41Designation of beneficiary not affected by wills law 26.1-33-42Designation of trustee as beneficiary - Prior existence of will not required - Payments - Discharge 26.1-33-43Commingling of death benefits with trust assets 26.1-33-44Life insurance policy ownership or retention by trust - Duties of trustee