When consumer credit insurance is required as additional security for any debt, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing insurance policies owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact insurance business in this state.
N.D. Cent. Code § 26.1-37-14
Existing insurance - Choice of insurer
Known as the Consumer Credit Insurance Model Act
The act spans §§ 26.1-37-01 to 26.1-37-16 (17 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.