26.1-05-06. Articles of incorporation - Contents - Filing - Company name

26.1-05-06. Articles of incorporation - Contents - Filing - Company name

The articles of incorporation of a corporation organized under this chapter must set forth, in

addition to what is required to be set forth under the general law governing profit corporations:

1. The kind of insurance proposed to be issued.

2. That the company will operate on the stock plan unless it is organized to engage in the

life insurance business, in which case the articles must specify whether the company

will operate on the stock or mutual plan.

3. The period for the commencement and termination of the company's fiscal year.

4. The period of its existence which may be perpetual.

5. The name of the company, which may be any name not previously in use by an

existing corporation authorized to do business in this state, but the words "insurance

company", or, if the business specified in the articles is that of life insurance and the

business is to be conducted upon the mutual plan, the words "mutual life insurance

company" must constitute a part of such name.

The articles must be filed in the office of the secretary of state and a certified copy must be filed

with the commissioner. The commissioner may not issue a certificate to the company if, in the

commissioner's judgment, the company's name too closely resembles the name of an existing

corporation or is liable to mislead the public.