# N.D. Cent. Code § 26.1-04-04: 26.1-04-04. Coercing purchaser or borrower to insure with particular company or insurance producer prohibited > North Dakota · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-04 ## Section - **Citation:** N.D. Cent. Code § 26.1-04-04 - **Heading:** 26.1-04-04. Coercing purchaser or borrower to insure with particular company or insurance producer prohibited - **Jurisdiction:** North Dakota - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** ND Code / Title 26.1 / Chapter 26.1-04 / Section 26.1-04-04 ## Text 26.1-04-04. Coercing purchaser or borrower to insure with particular company or insurance producer prohibited. 1. No person, engaged in selling property or in the business of financing the purchase of property or of lending money on the security of property and no trustee, director, officer, agent, or other employee of the person may require, as a condition precedent, concurrent, or subsequent to the sale or financing the purchase of the property or to lending money upon the security of a mortgage thereon or for the renewal or extension of any such loan or mortgage or for the performance of any other act in connection therewith, that the person purchasing the property or for whom the purchase is to be financed or to whom the money is to be loaned or for whom the extension, renewal, or other act is to be granted, or performed, negotiate any insurance policy or renewal thereof covering the property through a particular insurance company or insurance producer. 2. This section does not prevent the exercise by any person of the right to designate reasonable financial requirements as to the insurance company, the terms and provisions of the policy, and the adequacy of the coverage with respect to insurance on property pledged or mortgaged to the person; nor does this section prohibit the right of any person from voluntarily negotiating or soliciting the placing of such insurance; nor does this section forbid the securing of insurance or renewal thereof at the request of the purchaser or borrower or because of the failure of the purchaser or borrower to furnish the necessary insurance or renewal thereof. 3. Violation of this section constitutes an unfair insurance practice. The person violating this section must be proceeded against under this chapter. ## Nearby sections - [N.D. Cent. Code § 26.1-04-01 26.1-04-01. Limitation on right to engage in trade](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-01.md) - [N.D. Cent. Code § 26.1-04-02 26.1-04-02. Unfair methods of competition or unfair and deceptive acts or practices prohibited](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-02.md) - [N.D. Cent. Code § 26.1-04-03 26.1-04-03. Unfair methods of competition and unfair or deceptive acts or practices defined](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-03.md) - [N.D. Cent. Code § 26.1-04-04 26.1-04-04. Coercing purchaser or borrower to insure with particular company or insurance producer prohibited](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-04.md) - [N.D. Cent. Code § 26.1-04-05 26.1-04-05. Discrimination by life insurance companies and rebates and inducements by insurance producers prohibited](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-05.md) - [N.D. Cent. Code § 26.1-04-05.1 26.1-04-05.1. Visual acuity prohibited as factor in life or accident and sickness contracts](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-05.1.md) - [N.D. Cent. Code § 26.1-04-06 26.1-04-06. Insured persons and applicants for insurance prohibited from accepting rebates - Exception](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-06.md) - [N.D. Cent. Code § 26.1-04-07 26.1-04-07. Misrepresentation of terms of policy and future dividends prohibited](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-07.md) - [N.D. Cent. Code § 26.1-04-08 26.1-04-08. Rulemaking](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-08.md) - [N.D. Cent. Code § 26.1-04-09 26.1-04-09. Authority of commissioner](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-09.md) - [N.D. Cent. Code § 26.1-04-10 26.1-04-10. State's attorney to prosecute for discrimination or misrepresentation](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-10.md) - [N.D. Cent. Code § 26.1-04-11 26.1-04-11. Immunity from prosecution](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-11.md) - [N.D. Cent. Code § 26.1-04-12 26.1-04-12. Hearing](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-12.md) - [N.D. Cent. Code § 26.1-04-13 26.1-04-13. Orders and modifications](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-13.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-04_S26.1-04-04. Check the current official text before relying on it. Not legal advice.