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<![CDATA[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, <meta property="og:url" content="https://statutes.laws.com/test/" />
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<h2>State Codes and Statutes</h2>
<a href='https://statutes.laws.com/'>Statutes</a> > <a href='https://statutes.laws.com/north-dakota'>North-dakota</a> > <a href='https://statutes.laws.com/north-dakota/t261'>T261</a> > <a href='https://statutes.laws.com/north-dakota/t261/t261c22'>T261c22</a><br><br><a href="https://law.justia.com/codes/north-dakota/2009/t261/pdf/t261c22.pdf">Download pdf</a><br><div id="embed_document" style="width:625px; height:815px; text-align:center;">Loading PDF...</div><script type="text/javascript"> 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('<embed src="'+pdf_url+'" width="100%" height="100%"></embed>'); } else { embedwindow.html('<iframe style="width:100%; height:100%;" src="https://docs.google.com/gview?url='+window.escape(pdf_url)+'&embedded=true" frameborder="0"></iframe>'); } });</script><br><br><noframes>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, <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"WebPage","@id":"https://statutes.laws.com/test/","url":"https://statutes.laws.com/test/","name":"State Codes and Statutes - Statutes","isPartOf":{"@id":"https://statutes.laws.com/#website"},"datePublished":"2015-03-10T03:31:37+00:00","dateModified":"2019-12-27T23:25:16+00:00","breadcrumb":{"@id":"https://statutes.laws.com/test/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://statutes.laws.com/test/"]}]},{"@type":"BreadcrumbList","@id":"https://statutes.laws.com/test/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://statutes.laws.com/"},{"@type":"ListItem","position":2,"name":"State Codes and Statutes"}]},{"@type":"WebSite","@id":"https://statutes.laws.com/#website","url":"https://statutes.laws.com/","name":"Statutes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://statutes.laws.com/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}</script>
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<h2>State Codes and Statutes</h2>
<a href='https://statutes.laws.com/'>Statutes</a> > <a href='https://statutes.laws.com/north-dakota'>North-dakota</a> > <a href='https://statutes.laws.com/north-dakota/t261'>T261</a> > <a href='https://statutes.laws.com/north-dakota/t261/t261c22'>T261c22</a><br><br><a href="https://law.justia.com/codes/north-dakota/2009/t261/pdf/t261c22.pdf">Download pdf</a><br><div id="embed_document" style="width:625px; height:815px; text-align:center;">Loading PDF...</div><script type="text/javascript"> 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('<embed src="'+pdf_url+'" width="100%" height="100%"></embed>'); } else { embedwindow.html('<iframe style="width:100%; height:100%;" src="https://docs.google.com/gview?url='+window.escape(pdf_url)+'&embedded=true" frameborder="0"></iframe>'); } });</script><br><br><noframes>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, <!-- END .shortcode-content -->
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