{"data":{"id":"us-nd/n.d.-cent.-code-26.1-31.1-05","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 26.1-31.1-05","heading":"Duties of insurers utilizing the services of reinsurance intermediary-broker","body":"1.An insurer may not engage the services of any person, firm, association, corporation, or limited liability company to act as a reinsurance intermediary-broker on its behalf unless the person, firm, association, corporation, or limited liability company is licensed as required by subsection 1 of section 26.1-31.1-02.\n2.An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker is under common control with the insurer and subject to chapter 26.1-10.\n3.The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.","path":["Title 26.1 Insurance","Chapter 26.1-31.1 Reinsurance Intermediaries"],"source_url":"https://ndlegis.gov/cencode/t26-1c31-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"07ffa4476cefcbee48a18a9837685a3496b0429f20a5f4cf89e640c5c4bb08c3","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-26.1-31.1-04","next":"us-nd/n.d.-cent.-code-26.1-31.1-06"},"notice":"GroundRules: Original legal text. Not legal advice."}