N.D. Cent. Code § 61-04.1-19

Current through 2023 Legislative Sessions

Section 61-04.1-19 - Proof of financial responsibility

Proof of financial responsibility is made by showing to the satisfaction of the board that the permittee has the ability to respond in damages to liability which might reasonably result from the operation for which the permit is sought. Such proof of financial responsibility may be shown by:

1. Presentation to the board of proof of a prepaid noncancelable insurance policy against such liability, in an amount approved by the board.

2. Filing with the board a corporate surety bond, cash, or negotiable securities in an amount approved by the board.

N.D.C.C. § 61-04.1-19