Property and Casualty Insurance

What this document is

N.D. Cent. Code Ch. 26.1-39 - Property and Casualty Insurance 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 property & casualty, north dakota personal lines 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 § 26.1-39-01 (Rescission of fire insurance contract for alteration increasing risk)

  “An alteration in the use or condition of a thing insured from that to which it is limited by the policy, if made without the consent of the insurer, by means within the control of the insured, and if it increases the risk, entitles an insurer to rescind a fire insurance contract.”

• N.D. Cent. Code § 26.1-39-04 (Measure of indemnity on fire policy)

  “If there is a valuation in the policy, the valuation is conclusive between the parties in the adjustment either of a partial or a total loss if the insured has some interest at risk and there is no fraud on the insured's part.”

• N.D. Cent. Code § 26.1-39-05(1)(a) (Face of policy to be paid in case of covered loss)

  “a. If the covered loss occurred within sixty days after the policy effective date or within sixty days after the policy limits were increased by twenty-five percent or more at the insured's request, the loss payable to the insured for covered loss incurred during the first sixty days is the lesser...”

• N.D. Cent. Code § 26.1-39-06(10) (Standard fire insurance policy)

  “No contract or policy issued under this section may contain a limitation of less than three years for the bringing of any suit or action under the contract or policy.”

• N.D. Cent. Code § 26.1-39-13(1) (Notification and reasons for cancellation of property and casualty policies)

  “After coverage has been in effect for more than sixty days or after the effective date of a renewal policy, a notice of cancellation may not be issued unless it is based upon at least one of the following reasons: a. Nonpayment of premium. b. Discovery of fraud or material misrepresentation and the...”

• N.D. Cent. Code § 26.1-39-14(1) (Five-day notice exception for cancellation of property and casualty policies; vacancy)

  “Policies subject to sections 26.1-39-10 through 26.1-39-21 may be canceled upon five days' written notice to the named insureds if one or more of the following conditions exist: 1. Buildings with at least sixty-five percent of the rental units in the building unoccupied.”

• N.D. Cent. Code § 26.1-39-16(1) (Notification and statement of reasons for nonrenewal of property and casualty policies)

  “An insurer shall renew a property insurance policy unless a written notice of nonrenewal is mailed or delivered to the named insured, at the last-known address of the named insured, at least forty-five days before the expiration date of the policy, except if the policy provides professional...”

• N.D. Cent. Code § 26.1-39-17(3) (Prohibited reasons for declination or termination of property and casualty policies)

  “3. The age or location of the residence of the applicant or named insured unless the decision is for a business purpose that is not a mere pretext for unfair discrimination.”

• N.D. Cent. Code § 26.1-39-22 (Termination of property and casualty insurance agency contracts)

  “Any insurer authorized to transact property or casualty business in this state, upon termination of an insurance producer's appointment by the insurer, shall permit the renewal and endorsement of all insurance contracts written by the insurance producer for a period of one year from the date of the...”

• N.D. Cent. Code § 26.1-39-24 (Domestic violence - Intentional acts)

  “If a property and casualty insurance policy excludes property coverage for intentional acts, the insurer may not deny payment to an innocent coinsured who did not cooperate in or contribute to the creation of the loss if the loss arose out of domestic violence and the perpetrator of the loss is...”

• N.D. Cent. Code § 26.1-39-09.3(2) (Fire protection class - Dispute; insured's assertion)

  “Within thirty days following quoting, issuing, or renewing of the policy, the insured may assert a fire protection class which differs from the class identified by the insurer and the insurer shall implement this class. The insured shall present to the insurer a credible basis for the assertion...”

• N.D. Cent. Code § 26.1-39-06(6) (Standard fire insurance policy; joint policy by two or more insurers)

  “When two or more insurers, each having previously complied with the laws of this state, unite to issue a joint policy, there may be expressed in the head line of each policy the fact of the severalty of the contract; also the proportion of premiums to be paid to each insurer and the proportion of...”

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More North Dakota sources

• N.D. Cent. Code Ch. 26.1-04 - Unfair Trade PracticesState statute
• N.D. Cent. Code Ch. 26.1-26 - Insurance Producers, Consultants, and AdjustersState 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
• North Dakota Casualty Insurance Examination - Content OutlineCandidate handbook or exam outline
• North Dakota Insurance & Securities Department Insurance Licensing Examination Candidate Information BulletinCandidate handbook or exam outline
• North Dakota Accident and Health or Sickness Insurance Examination Content OutlineCandidate handbook or exam outline