{"data":{"id":"us-nd/n.d.-cent.-code-26.1-12.1-15","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-12.1-15","heading":"Foreign mutual insurance holding company - Reorganization","body":"A domestic mutual insurance company may reorganize with a foreign mutual insurance holding company that is created or exists under the laws of another state by complying with chapter 26.1-12.1. The commissioner may waive any provision of chapter 26.1-12.1 if the commissioner determines the provision to be unnecessary for the protection of eligible members. A plan of reorganization under this section must comply with the requirements and standards of section 26.1-12.1-06 and be approved by the eligible members of the domestic mutual insurance company as a reorganizing insurer in accordance with subsection 1 of section 26.1-12.1-09. A domestic mutual insurance company seeking to reorganize under this section may at the same time redomesticate to another state by complying with section 26.1-05-07.3 and the applicable requirements of the state to which it seeks to transfer domicile.","path":["Title 26.1 Insurance","Chapter 26.1-12.1 Mutual Insurance Company Reorganization"],"source_url":"https://ndlegis.gov/cencode/t26-1c12-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"06d529af1c9bccc0f90cf156ed7ea422c336609895618a37236816aa99c4d251","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-12.1-14","next":"us-nd/n.d.-cent.-code-26.1-12.1-16"},"notice":"GroundRules: Original legal text. Not legal advice."}