Investment of assets - Subsidiary insurance company coverage
N.D. Cent. Code § 26.1-23.1-05
in effect26.1-23.1-05. Investment of assets - Subsidiary insurance company coverage
A government self-insurance pool may only invest its funds and accumulations in those
investments described in sections 26.1-05-19 and 26.1-10-02. If a government self-insurance
pool investment is made under section 26.1-10-02, a resulting subsidiary insurance company
may not write insurance coverage for:
1. North Dakota governmental entities, which competes with coverage offered by the fire
and tornado fund under chapter 26.1-22 as that chapter existed on December 31,
1988;
2. Individuals;
3. For-profit organizations;
4. Nonprofit hospitals, clinics, nursing homes, churches, fraternal organizations, or
organizations not performing quasi-governmental functions; or
5. Agricultural business cooperatives.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t26-1c23-1.pdf#nameddest=26p1-23p1-05Fetched: 10/16/2026