N.D. Cent. Code § 26.1-26.5-05: Liability of controlling insurance broker in the event of insolvency of controlled insurer
Where this section sits in the code
- Title 26.1 Insurance
- Chapter 26.1-26.5 Insurance Broker Controlled Insurer
If the commissioner has reason to believe that a controlling insurance broker has committed or is committing an act which could be determined to be a violation, and that the violation substantially contributed to the insolvency of a controlled insurer, the commissioner or receiver may maintain a civil action against the controlling insurance broker for all damages caused by the insurance broker's acts.
Collected 2026-09-02T21:04:14Z. Source file · JSON