Liability of controlling insurance broker in the event of insolvency of controlled insurer

N.D. Cent. Code § 26.1-26.5-05
in effect
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26.1-26.5-05. Liability of controlling insurance broker in the event of insolvency of controlled insurer. If the commissioner has reason to believe that a controlling insurance broker has committed or is committing an act which could be determined to be a violation, and that the violation substantially contributed to the insolvency of a controlled insurer, the commissioner or receiver may maintain a civil action against the controlling insurance broker for all damages caused by the insurance broker's acts.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t26-1c26-5.pdf#nameddest=26p1-26p5-05Fetched: 10/16/2026

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