North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-04 - Life Insurance
Chapter 45-04-01 - Life Insurance Solicitation
Section 45-04-01-02 - Scope
Universal Citation: ND Admin Code ยง 45-04-01-02
Current through Supplement No. 394, October, 2024
1. Except as hereafter exempted, this chapter shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this state. This chapter shall apply to any issuer of life insurance contracts including fraternal benefit societies.
2. Unless otherwise specifically included, this chapter shall not apply to:
a.
Annuities.
b. Credit life
insurance.
c. Group life insurance.
d. Life insurance policies issued
in connection with pension and welfare plans as defined by and which are
subject to the federal Employee Retirement Income Security Act of 1974.
e. Variable life insurance under
which the death benefits and cash values vary in accordance with unit values of
investments held in a separate account.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-01-08, 26.1-33-02
Disclaimer: These regulations may not be the most recent version. North Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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