N.D. Cent. Code § 26.1-18.1-05

Current through 2023 Legislative Sessions
Section 26.1-18.1-05 - Fiduciary responsibilities
1. Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the organization is responsible for the funds in a fiduciary relationship to the organization.
2. If the commissioner deems it necessary for the security of the funds of a health maintenance organization, the commissioner may require an official bond of each officer and each employee of the organization in an amount not to exceed the sum of money for which each is accountable.

N.D.C.C. § 26.1-18.1-05