ND HB1140

Amends North Dakota Century Code sections on property insurance (26.1-39-11) and automobile insurance (26.1-40-01) to clarify that policy renewals with altered terms are not considered terminations.

Defines "renewal" to include changes or alterations in deductible amounts, coverage, or exclusions that result in substantially equivalent coverage, provided the altered terms are disclosed to the insured in the renewal notice.

Specifies that a renewal date with altered terms is not a termination for purposes of property and automobile insurance regulations.

Passed the House with 85 yeas, 0 nays, and 9 absent; passed the Senate with 45 yeas, 0 nays, and 2 absent.