Senate Bill No. 2062 Summary

• Creates a new chapter in North Dakota Century Code Title 26.1 to regulate property and casualty insurance certificates of insurance

• Requires all insurance certificate forms used for property, operations, or risks in North Dakota to be filed with and approved by the commissioner before issuance

• Prohibits alteration of approved certificate forms, inclusion of false or misleading information, and use of certificates to modify or extend actual policy coverage

• Restricts certificate holders' rights to cancellation and nonrenewal notices to only those rights explicitly granted in the underlying insurance policy or its endorsements

• Passed by Senate 46-0 (1 absent) and House 92-0 (2 absent)