26.1-03 Examinations, Reports, and Tax
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<![CDATA[CHAPTER 26.1-03EXAMINATIONS, REPORTS, AND TAX26.1-03-01.Limitation on risks acceptable by company.An insurance companytransacting an insurance business in this state may not expose itself to loss on any one risk or<br>hazard to an amount exceeding ten percent of its paid-up capital and surplus if a stock company,<br>or ten percent of its surplus if a mutual company, unless the excess is reinsured.26.1-03-02.Valuation of securities held by company.Repealed by S.L. 1993,ch. 292, </p>
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