26.1-22 State Fire and Tornado Fund

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CHAPTER 26.1-22STATE FIRE AND TORNADO FUND26.1-22-01. Definitions. In this chapter, unless the context otherwise requires:1."Fund" means the state fire and tornado fund.2."Indirect loss" means a loss in income or the additional expenses incurred because<br>of a property loss.3."International peace garden" means an entity located upon the international<br>boundary line between the United States and Canada used and maintained as a<br>memorial to commemorate the long-existing relationship of peace and good will<br>between the people and the governments of the United States and Canada and to<br>further international peace among the nations of the world.4."Permanent contents" refers only to such public property, either owned or leased,<br>usually kept or used in or about public buildings insured in the fund, and to all public<br>personal property usually kept or used in or about all buildings used for public<br>purposes, or within one hundred feet [30.48 meters] of all such buildings, or while on<br>sidewalks, streets, alleys, yards, detached platforms, and in or on railway cars. The<br>term includes similar property owned by an international peace garden or a winter<br>show. The term does not include automobiles, trucks, tractors, road machinery, or<br>similar property used principally outside such buildings.5."Political subdivision" means all counties, townships, park districts, school districts,<br>cities, and any other units of local government which are created either by statute or<br>by the Constitution of North Dakota for local government or other public purposes.6."Replacement cost" is the cost to replace a building or its permanent contents with a<br>similar structure of like materials or a similar product at current prices.7."Winter show" means an agricultural exhibition sponsored each year in March by a<br>nonprofit corporation.26.1-22-02.State fire and tornado fund under management of commissioner -Purpose of fund. The commissioner shall manage the fund. The fund must be maintained as a<br>fund to insure the various state industries, the various political subdivisions, any international<br>peace garden, and any winter show against loss to the public buildings, or buildings owned by an<br>international peace garden or a winter show, and fixtures and permanent contents therein, and<br>against indirect loss, through fire, lightning, inherent explosion, windstorm, cyclone, tornado and<br>hail, explosion, riot attending a strike, aircraft, smoke, and vehicles. At the option of the insured,<br>the fund may insure against other risks of direct physical loss and indirect loss from those risks.<br>All moneys collected under this chapter must be paid into the fund for use only for the purposes<br>provided for in this chapter.26.1-22-02.1.Insurance against indirect losses.The commissioner shall provide,upon request of an entity insured with the fund, coverage by the fund for an indirect loss incurred<br>because of a loss arising out of a peril insured against by the fund.26.1-22-03. Employment of assistants - Expenditures from fund. To carry out thischapter, the commissioner may utilize any information on file in the state fire marshal's<br>department and any of the employees of the commissioner and the commissioner may employ<br>necessary assistants and incur necessary expenses. All expenditures made for these purposes<br>must remain within the limits of legislative appropriations and must be paid out of the fund upon<br>warrants prepared by the office of management and budget drawn upon the state treasurer after<br>the approval of vouchers by the office of the budget.Page No. 126.1-22-04. Investment of fund. Investment of the fund is under the supervision of thestate investment board in accordance with chapter 21-10.26.1-22-05.Public, international peace garden, and winter show buildingsinsurable in fund. The public buildings and fixtures and permanent contents therein belonging<br>to the state, the various state industries except the state mill and elevator association if the<br>association exercises the option provided in section 26.1-22-10, and the political subdivisions<br>must, and the buildings and fixtures and the permanent contents therein belonging to an<br>international peace garden or a winter show may, be insured under this chapter. No officer or<br>agent of the state or of any political subdivision, and no person having charge of any public<br>buildings belonging to the state, any state industry, or any political subdivision, may pay out any<br>public moneys or funds on account of any insurance against loss by fire, lightning, inherent<br>explosion, windstorm, cyclone, tornado and hail, explosion, riot attending a strike, aircraft, smoke,<br>vehicles, or any other risks of direct physical loss, or contract in any manner for, or incur any<br>indebtedness against, the state or any political subdivision on account of any such insurance<br>upon any of the buildings or fixtures and permanent contents therein belonging to the state or<br>any political subdivision, except in the manner provided in this chapter.26.1-22-06.Commissioner to adopt guidelines on insurable values.Thecommissioner shall adopt guidelines to be used by state agencies, departments, offices, officers,<br>boards, commissions, international peace gardens, and winter shows for the purpose of<br>determining insurable values of state-owned property and property belonging to an international<br>peace garden or a winter show for insurance coverage as authorized by law. The commissioner<br>shall adopt guidelines in determining insurable values to assist state agencies and institutions<br>andpoliticalsubdivisionsindeterminingwhethertoselectindirectlosscoverage.Notwithstanding any other provision of this chapter, the expenses for necessary loss prevention<br>inspections and rating inspections for the purpose of determining the proper premium rate to be<br>applied to the property insured by the fund must be paid out of the fund.26.1-22-06.1. Replacement cost appraisal required on state-owned property. Onceevery six years each state agency and institution shall obtain from the fund a replacement cost<br>appraisal on all buildings and fixtures and permanent contents under its control. The fund shall<br>determine the manner of conducting the appraisal. Annually, except for any year an appraisal is<br>conducted, the agency or institution shall adjust the appraisal amount in the manner authorized<br>by the fund.26.1-22-07.Certain property of state and of Bank of North Dakota excepted.Repealed by S.L. 1989, ch. 357,</div></article><aside class="right-sidebar"><div class="related-sidebar"><h3><span class="emoji">⚖️</span> State Laws</h3><ul class="state-laws-list"><li><a href="https://state-laws.laws.com/state-of-alabama">The State Laws of Alabama</a></li><li><a href="https://state-laws.laws.com/state-of-alaska">The State Laws of Alaska</a></li><li><a href="https://state-laws.laws.com/state-of-arizona">The State Laws of Arizona</a></li><li><a href="https://state-laws.laws.com/state-of-arkansas">The State Laws of Arkansas</a></li><li><a href="https://state-laws.laws.com/state-of-california">The State Laws of California</a></li><li><a href="https://state-laws.laws.com/state-of-colorado">The State Laws of Colorado</a></li><li><a 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height:815px; text-align:center;\"\u003eLoading PDF...\u003c/div\u003e\u003cscript type=\"text/javascript\"\u003e var pdf_url = 'https://law.justia.com/codes/north-dakota/2009/t261/pdf/t261c22.pdf'; $(document).ready(function() { var embedwindow = $(\"#embed_document\"); if ($.browser.msie){ embedwindow.html('\u003cembed src=\"'+pdf_url+'\" width=\"100%\" height=\"100%\"\u003e\u003c/embed\u003e'); } else { embedwindow.html('\u003ciframe style=\"width:100%; height:100%;\" src=\"https://docs.google.com/gview?url='+window.escape(pdf_url)+'\u0026embedded=true\" frameborder=\"0\"\u003e\u003c/iframe\u003e'); } });\u003c/script\u003e\u003cbr\u003e\u003cbr\u003e\u003cnoframes\u003eCHAPTER 26.1-22STATE FIRE AND TORNADO FUND26.1-22-01. Definitions. In this chapter, unless the context otherwise requires:1.\u0026quot;Fund\u0026quot; means the state fire and tornado fund.2.\u0026quot;Indirect loss\u0026quot; means a loss in income or the additional expenses incurred because\u003cbr\u003eof a property loss.3.\u0026quot;International peace garden\u0026quot; means an entity located upon the international\u003cbr\u003eboundary line between the United States and Canada used and maintained as a\u003cbr\u003ememorial to commemorate the long-existing relationship of peace and good will\u003cbr\u003ebetween the people and the governments of the United States and Canada and to\u003cbr\u003efurther international peace among the nations of the world.4.\u0026quot;Permanent contents\u0026quot; refers only to such public property, either owned or leased,\u003cbr\u003eusually kept or used in or about public buildings insured in the fund, and to all public\u003cbr\u003epersonal property usually kept or used in or about all buildings used for public\u003cbr\u003epurposes, or within one hundred feet [30.48 meters] of all such buildings, or while on\u003cbr\u003esidewalks, streets, alleys, yards, detached platforms, and in or on railway cars. The\u003cbr\u003eterm includes similar property owned by an international peace garden or a winter\u003cbr\u003eshow. The term does not include automobiles, trucks, tractors, road machinery, or\u003cbr\u003esimilar property used principally outside such buildings.5.\u0026quot;Political subdivision\u0026quot; means all counties, townships, park districts, school districts,\u003cbr\u003ecities, and any other units of local government which are created either by statute or\u003cbr\u003eby the Constitution of North Dakota for local government or other public purposes.6.\u0026quot;Replacement cost\u0026quot; is the cost to replace a building or its permanent contents with a\u003cbr\u003esimilar structure of like materials or a similar product at current prices.7.\u0026quot;Winter show\u0026quot; means an agricultural exhibition sponsored each year in March by a\u003cbr\u003enonprofit corporation.26.1-22-02.State fire and tornado fund under management of commissioner -Purpose of fund. The commissioner shall manage the fund. The fund must be maintained as a\u003cbr\u003efund to insure the various state industries, the various political subdivisions, any international\u003cbr\u003epeace garden, and any winter show against loss to the public buildings, or buildings owned by an\u003cbr\u003einternational peace garden or a winter show, and fixtures and permanent contents therein, and\u003cbr\u003eagainst indirect loss, through fire, lightning, inherent explosion, windstorm, cyclone, tornado and\u003cbr\u003ehail, explosion, riot attending a strike, aircraft, smoke, and vehicles. At the option of the insured,\u003cbr\u003ethe fund may insure against other risks of direct physical loss and indirect loss from those risks.\u003cbr\u003eAll moneys collected under this chapter must be paid into the fund for use only for the purposes\u003cbr\u003eprovided for in this chapter.26.1-22-02.1.Insurance against indirect losses.The commissioner shall provide,upon request of an entity insured with the fund, coverage by the fund for an indirect loss incurred\u003cbr\u003ebecause of a loss arising out of a peril insured against by the fund.26.1-22-03. Employment of assistants - Expenditures from fund. To carry out thischapter, the commissioner may utilize any information on file in the state fire marshal's\u003cbr\u003edepartment and any of the employees of the commissioner and the commissioner may employ\u003cbr\u003enecessary assistants and incur necessary expenses. All expenditures made for these purposes\u003cbr\u003emust remain within the limits of legislative appropriations and must be paid out of the fund upon\u003cbr\u003ewarrants prepared by the office of management and budget drawn upon the state treasurer after\u003cbr\u003ethe approval of vouchers by the office of the budget.Page No. 126.1-22-04. Investment of fund. Investment of the fund is under the supervision of thestate investment board in accordance with chapter 21-10.26.1-22-05.Public, international peace garden, and winter show buildingsinsurable in fund. The public buildings and fixtures and permanent contents therein belonging\u003cbr\u003eto the state, the various state industries except the state mill and elevator association if the\u003cbr\u003eassociation exercises the option provided in section 26.1-22-10, and the political subdivisions\u003cbr\u003emust, and the buildings and fixtures and the permanent contents therein belonging to an\u003cbr\u003einternational peace garden or a winter show may, be insured under this chapter. No officer or\u003cbr\u003eagent of the state or of any political subdivision, and no person having charge of any public\u003cbr\u003ebuildings belonging to the state, any state industry, or any political subdivision, may pay out any\u003cbr\u003epublic moneys or funds on account of any insurance against loss by fire, lightning, inherent\u003cbr\u003eexplosion, windstorm, cyclone, tornado and hail, explosion, riot attending a strike, aircraft, smoke,\u003cbr\u003evehicles, or any other risks of direct physical loss, or contract in any manner for, or incur any\u003cbr\u003eindebtedness against, the state or any political subdivision on account of any such insurance\u003cbr\u003eupon any of the buildings or fixtures and permanent contents therein belonging to the state or\u003cbr\u003eany political subdivision, except in the manner provided in this chapter.26.1-22-06.Commissioner to adopt guidelines on insurable values.Thecommissioner shall adopt guidelines to be used by state agencies, departments, offices, officers,\u003cbr\u003eboards, commissions, international peace gardens, and winter shows for the purpose of\u003cbr\u003edetermining insurable values of state-owned property and property belonging to an international\u003cbr\u003epeace garden or a winter show for insurance coverage as authorized by law. The commissioner\u003cbr\u003eshall adopt guidelines in determining insurable values to assist state agencies and institutions\u003cbr\u003eandpoliticalsubdivisionsindeterminingwhethertoselectindirectlosscoverage.Notwithstanding any other provision of this chapter, the expenses for necessary loss prevention\u003cbr\u003einspections and rating inspections for the purpose of determining the proper premium rate to be\u003cbr\u003eapplied to the property insured by the fund must be paid out of the fund.26.1-22-06.1. Replacement cost appraisal required on state-owned property. Onceevery six years each state agency and institution shall obtain from the fund a replacement cost\u003cbr\u003eappraisal on all buildings and fixtures and permanent contents under its control. The fund shall\u003cbr\u003edetermine the manner of conducting the appraisal. Annually, except for any year an appraisal is\u003cbr\u003econducted, the agency or institution shall adjust the appraisal amount in the manner authorized\u003cbr\u003eby the fund.26.1-22-07.Certain property of state and of Bank of North Dakota excepted.Repealed by S.L. 1989, ch. 357,"])</script><script>self.__next_f.push([1,"3c:[\"$\",\"article\",null,{\"className\":\"article-content\",\"children\":[[\"$\",\"header\",null,{\"className\":\"article-header\",\"children\":[[\"$\",\"$Le\",null,{\"href\":\"/north-dakota/\",\"className\":\"article-category\",\"children\":[\"North Dakota\",\" Statutes\"]}],[\"$\",\"h1\",null,{\"className\":\"article-title\",\"children\":\"26.1-22 State Fire and Tornado Fund\"}]]}],[\"$\",\"div\",null,{\"className\":\"article-body 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