State statute · North Dakota
Insurance Producers, Consultants, and Adjusters
N.D. Cent. Code Ch. 26.1-26
Edition and licensing notes
Publisher. North Dakota Legislative Branch (ndlegis.gov)
Status. North Dakota Century Code, public domain.
What this document is
N.D. Cent. Code Ch. 26.1-26 - Insurance Producers, Consultants, and Adjusters is a state statute published by North Dakota Legislative Branch (ndlegis.gov). It is one of the North Dakota documents that insurance license exam questions are written from, including north dakota life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- N.D. Cent. Code § 26.1-26-13.3(1) (Application for license)
“An individual applying for a resident insurance producer license shall make application to the commissioner on the uniform application and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the...”
- N.D. Cent. Code § 26.1-26-02(6) (Insurance producer defined)
“"Insurance producer" means a person required to be licensed under the laws of this state to sell, solicit, or negotiate insurance.”
- N.D. Cent. Code § 26.1-26-05 (Unlicensed person deemed insurance producer)
“A person not licensed as an insurance producer or surplus lines insurance producer who sells, solicits, or negotiates an insurance policy on behalf of an insurer is an insurance producer within the intent of this chapter and is liable for all the duties, requirements, liabilities, and penalties to...”
- N.D. Cent. Code § 26.1-26-13.1(2) (Appointments)
“To appoint an insurance producer as its agent, the appointing insurer shall file a notice of appointment within thirty days from the later of the date the agency contract is executed or the first insurance application is submitted.”
- N.D. Cent. Code § 26.1-26-04(3) (Commissions - deferred compensation)
“Renewal or other deferred compensation may be paid to a person for selling, soliciting, or negotiating insurance in this state if that person was required to be licensed under this chapter at the time of the sale, solicitation, or negotiation and was licensed at that time.”
- N.D. Cent. Code § 26.1-26-13.2(4) (Application for Examination)
“An individual who fails to appear for the examination as scheduled or fails to pass the examination may reapply for an examination provided the individual remits all required fees and forms before being rescheduled for another examination.”
- N.D. Cent. Code § 26.1-26-03 (License Required - Acting Without License Prohibited)
“A person may not sell, solicit, or negotiate insurance in this state for any class of insurance unless the person is licensed for that line of authority in accordance with this chapter.”
- N.D. Cent. Code § 26.1-26-04(1) (Commissions - payments to unlicensed persons)
“An insurance company or insurance producer may not pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under this chapter and is not licensed.”
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More North Dakota sources
- N.D. Cent. Code Ch. 26.1-04 - Unfair Trade PracticesState statute
- North Dakota Century Code Chapter 26.1-26 - Insurance Producers and ConsultantsState statute
- N.D. Cent. Code Ch. 26.1-33 - Standard Provisions - Life InsuranceState statute
- N.D. Cent. Code ch. 26.1-36: Accident and health insurance policy provisionsState statute
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