Insurance is something we rely heavily on to protect our health, homes, vehicles, and other personal properties. According to the North Dakota Legislative Branch, insurance is a contract or arrangement made where
“One undertakes to pay or indemnify another as to loss from certain contingencies called “risks”, including through reinsurance; pay or grant a specified amount or determinable benefit to another in connection with ascertainable risk contingencies; pay an annuity to another; or act as surety.”
Although our insurance carriers are known to provide us with the necessary coverage we need when an emergency strikes or an illness settles in, they aren’t always as reliable as we would like them to be. While some companies will fail to pay for services rendered as stipulated in your contract, others aren’t legitimate or credible companies that are authorized to sell you a policy.
To better help you understand the scope in which an insurer is expected to perform in, below are some sections which indicate the requirements they are supposed to fulfill and can help you in the event one has misrepresented you, failed to provide you with the necessary insurance, denied benefits, etc.
Section 26.1-02-08.- Liability of Unauthorized Company
“If any unauthorized insurance company fails to pay any claim or loss within the provisions of its insurance contract, any person who assisted or in any manner aided, directly or indirectly, in the procurement of the insurance contract is liable to the insured for the full amount of the claim or loss in the manner provided by the contract.”
This stands true for any type of insurance including:
- Auto
- Homeowners
- Renters
- Tangible property
- Health
Section 26.1-02-25– Penalty
Any unauthorized insurance company or agent of a company or entity that transacts any unauthorized act of insurance business as provided by this chapter is guilty of a class C felony.
This is common in many homeowner’s insurance claims as individuals learn that the company or person they have entrusted to handle the job and file the claim for damages did not perform their duty properly. Although it can sometimes be difficult to prove this, with the help of our trusted North Dakota insurance attorneys, you could be well on your way to recovering funds you were required to pay out that your insurance carrier failed to provide you with.
Whether you are facing a denial notice, have had benefits denied, or feel your insurer scammed you out of providing you adequate coverage, you need to speak with one of our reputable insurance attorneys today. Not only can they answer your questions, but can also investigate the matter and decide if your carrier has acted out of bad faith.
Contact us today by giving us a call or simply filing out our quick and simple contact form found right here on our site.