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NORTH DAKOTA STATUTES AND CODES
26.1-03 Examinations, Reports, and Tax
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CHAPTER 26.1-03EXAMINATIONS, REPORTS, AND TAX26.1-03-01.Limitation on risks acceptable by company.An insurance companytransacting an insurance business in this state may not expose itself to loss on any one risk or
hazard to an amount exceeding ten percent of its paid-up capital and surplus if a stock company,
or ten percent of its surplus if a mutual company, unless the excess is reinsured.26.1-03-02.Valuation of securities held by company.Repealed by S.L. 1993,ch. 292,
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CHAPTER 26.1-03EXAMINATIONS, REPORTS, AND TAX26.1-03-01.Limitation on risks acceptable by company.An insurance companytransacting an insurance business in this state may not expose itself to loss on any one risk or
hazard to an amount exceeding ten percent of its paid-up capital and surplus if a stock company,
or ten percent of its surplus if a mutual company, unless the excess is reinsured.26.1-03-02.Valuation of securities held by company.Repealed by S.L. 1993,ch. 292,
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