TITLE 26.1 Insurance 26.1-33.4-12. Prohibited practices., N.D. Cent. Code, § 26.1-33.4-12

Summary

1. It is unlawful for any person to:

a. Enter a life settlement contract if such person knows or reasonably should have known that the life insurance policy was obtained by means of a false, deceptive, or misleading application for such policy;

b. Engage in any transaction, practice, or course of business if such person knows or reasonably should have known that the intent was to avoid the notice requirements of this chapter;

c. Engage in any fraudulent act or practice in connection with any transaction relating to any settlement involving an owner who is a resident of this state;

d. Issue, solicit, market, or otherwise promote the purchase of an insurance policy for the purpose of or with an emphasis on settling the policy;

e. Enter a premium finance agreement with any person or agency, or any person affiliated with such person or agency, pursuant to which such person shall receive any proceeds, fees, or other consideration, directly or indirectly, from the policy or owner of the policy or any ...