Licensing Requirements: Surplus lines brokers are required to be licensed under North Dakota law. N.D. Cent. Code §§ 26.1-44-01.1, 26.1-26-17, 26.1-26-20; N.D. Admin. Code 45-09-01-02. Residents licensed as producers may
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? No. An insurance producer may not,
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Insurance producers may charge a fee for any services
Insurance producers may charge a fee for any services rendered in connection with the sale, solicitation, negotiation, placement, or servicing of an insurance product, provided the following requirements are met:
What entities are covered? “Any person that owns or licenses computerized data that includes personal information.” § 51-30-02. Is there a requirement for service providers? Yes. “Any person that maintains
