Notice of termination of insurance.

13-03-17-03. Notice of termination of insurance. If an excess deposit insurance policy is terminated, either at the request of the credit union or the insurance company, the credit union must notify in writing all members covered by such excess deposit insurance at least ninety days prior to the effective date of termination. The credit union must allow any member affected by the policy termination to withdraw the deposit without the assessment of any fee or early withdrawal penalty. History: Effective October 1, 1994. General Authority: NDCC 6-01-04 Law Implemented: NDCC 6-06-06 1