Statutes, codes, and regulations
North Dakota Administrative Code
Title 45 - Insurance, Commissioner ofArticle 45-03 - Regulation of Insurance Companies
Chapter 45-03-26 - Term and Universal Life Insurance Reserve Financing Model Regulation
Section 45-03-26-09 - Prohibition against avoidance

N.D. Admin. Code 45-03-26-09

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Current through Supplement No. 394, October, 2024
Section 45-03-26-09 - Prohibition against avoidance

No insurer that has covered policies as to which this chapter applies as set forth in section 45-03-26-03 may take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements if the purpose of such action, transaction or arrangement, or series thereof is to avoid the requirements of this chapter, or to circumvent its purpose and intent, as set forth in section 45-03-26-02.

N.D. Admin Code 45-03-26-09

Adopted by Administrative Rules Supplement 2022-384, April 2022, effective 4/1/2022.

General Authority: NDCC 26.1-31.2-04

Law Implemented: NDCC 26.1-31.2