# Title 45 — Insurance, Commissioner of

## Article 45-03 — Regulation of Insurance Companies

## Chapter 45-03-08 — Return of Premium

### § 45-03-08-01. Policies on which refund not required.

An insurer may provide a refund of premium for life insurance policies, guaranteed renewable
accident and health policies and crop/hail policies; however, such refund is not required and policy
forms permitting no refund may be approved by the insurance department.
History: Effective October 1, 1984.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-24-03
### § 45-03-08-02. Policy forms.

The term "policy form" as used in subsection 3 of North Dakota Century Code section 26.1-24-03
includes manual rates, rating plans, and rating rules filed and approved under North Dakota Century
Code section 26.1-25-04. Such rates, plans, and rules may constitute the basis for an exception to the
refund provision set out in subsection 3 of North Dakota Century Code section 26.1-24-03.
History: Effective October 1, 1984.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-24-03
### § 45-03-08-03. Premiums on all other policies.

Premiums on all other policies are refundable in accordance with subsection 3 of North Dakota
Century Code section 26.1-24-03 and the policy form filed with the insurance department.
History: Effective October 1, 1984.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-24-03
