# N.D. Cent. Code § 26.1-18.1-05: 26.1-18.1-05. Fiduciary responsibilities

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-05

## Section

- **Citation:** N.D. Cent. Code § 26.1-18.1-05
- **Heading:** 26.1-18.1-05. Fiduciary responsibilities
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 26.1 / Chapter 26.1-18.1 / Section 26.1-18.1-05

## Text

26.1-18.1-05. Fiduciary responsibilities

1. Any director, officer, employee, or partner of a health maintenance organization who

receives, collects, disburses, or invests funds in connection with the activities of the

organization is responsible for the funds in a fiduciary relationship to the organization.

2. If the commissioner deems it necessary for the security of the funds of a health

maintenance organization, the commissioner may require an official bond of each

officer and each employee of the organization in an amount not to exceed the sum of

money for which each is accountable.

## Nearby sections

- [N.D. Cent. Code § 26.1-18.1-01 26.1-18.1-01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-01.md)
- [N.D. Cent. Code § 26.1-18.1-02 26.1-18.1-02. Establishment of health maintenance organizations](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-02.md)
- [N.D. Cent. Code § 26.1-18.1-03 26.1-18.1-03. Issuance of certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-03.md)
- [N.D. Cent. Code § 26.1-18.1-03.1 26.1-18.1-03.1. Bond or insurance requirement](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-03.1.md)
- [N.D. Cent. Code § 26.1-18.1-04 26.1-18.1-04. Powers of health maintenance organizations](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-04.md)
- [N.D. Cent. Code § 26.1-18.1-05 26.1-18.1-05. Fiduciary responsibilities](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-05.md)
- [N.D. Cent. Code § 26.1-18.1-06 26.1-18.1-06. Quality assurance program](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-06.md)
- [N.D. Cent. Code § 26.1-18.1-07 26.1-18.1-07. Requirements for group contract, individual contract, and evidence of coverage](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-07.md)
- [N.D. Cent. Code § 26.1-18.1-08 26.1-18.1-08. Annual report](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-08.md)
- [N.D. Cent. Code § 26.1-18.1-09 26.1-18.1-09. Information to enrollees or subscribers](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-09.md)
- [N.D. Cent. Code § 26.1-18.1-10 26.1-18.1-10. Grievance procedures](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-10.md)
- [N.D. Cent. Code § 26.1-18.1-11 26.1-18.1-11. Investments](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-11.md)
- [N.D. Cent. Code § 26.1-18.1-12 26.1-18.1-12. Protection against insolvency](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-12.md)
- [N.D. Cent. Code § 26.1-18.1-13 26.1-18.1-13. Uncovered expenditures insolvency deposit](https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T26.1_C26.1-18.1_S26.1-18.1-05. Check the current official text before relying on it. Not legal advice.