North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-05 - Property and Casualty Insurance
Chapter 45-05-07 - Advisory Organization Exemption - Highly Protected Risk Market
Section 45-05-07-01 - Definition - Highly protected risk market
Universal Citation: ND Admin Code ยง 45-05-07-01
Current through Supplement No. 394, October, 2024
"Highly protected risk market" consists of commercial property coverage written specifically for large, complex, and multistate commercial and industrial properties. Further, the "highly protected risk market" is characterized by large size, high value, diversity and loss control; and with policyholders who are sophisticated commercial insureds employing professional risk managers and insurance appraisers on staff.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-25-19
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