Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-03 - Credit Unions
Chapter 13-03-17 - Excess Deposit Insurance
Section 13-03-17-02 - Financial information

N.D. Admin. Code 13-03-17-02

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Current through Supplement No. 394, October, 2024
Section 13-03-17-02 - Financial information

Prior to purchasing an excess deposit insurance policy, the board of directors shall evaluate the financial condition and rating, if any, of the insurance company by acquiring adequate and current financial information. The board shall, on at least an annual basis, continue to evaluate the company's financial condition and rating.

N.D. Admin Code 13-03-17-02

Effective October 1, 1994.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-06-06