N.D. Cent. Code § 65-02-13.1

Current through 2023 Legislative Sessions

Section 65-02-13.1 - Expenditures by organization for reinsurance and extraterritorial coverage and other states' insurance - Report in annual financial audit

There is appropriated out of the workforce safety and insurance fund, as a continuing appropriation, an amount necessary to allow the organization to establish a program of reinsurance and a program of extraterritorial coverage and other states' insurance. The organization may execute a contract for reinsurance and a contract for extraterritorial coverage and other states' insurance binding on the organization and the contracting party. The term identified in the contract may extend past the end of the biennium in which a contract under this section is executed. The independent annual financial audit report on the organization shall report on any contract executed pursuant to this section.

N.D.C.C. § 65-02-13.1