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ND SB2078

Bill

Status

Passed

4/19/2021

Primary Sponsor

Industry, Business and Labor Committee

Click for details

Origin

Senate

67th Legislative Assembly

AI Summary

  • Exempts vendors and their employees or authorized representatives from continuing education requirements for insurance producers.

  • Allows licensees to notify the Insurance Commissioner of address changes through the national association of insurance producers database instead of direct notification.

  • Permits suspension or revocation of nonresident insurance producer licenses based on evidence from the insurance producer database or certified copies, without notice or hearing.

  • Modifies requirements for self-service storage insurance coverage disclosures to allow summaries of material terms instead of full actual terms.

  • Directs legislative management to study the process for obtaining written consent under the Violent Crime Control and Law Enforcement Act of 1994 for individuals otherwise excluded from insurance producer licensure, with findings due to the 68th legislative assembly.

Legislative Description

The licensing of insurance producers; and to provide for a legislative management study.

Last Action

Signed by Governor 04/16

4/19/2021

Committee Referrals

Industry, Business, and Labor1/5/2021

Full Bill Text

No bill text available