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ND SB2056

Bill

Status

Passed

3/15/2023

Primary Sponsor

Industry and Business

Click for details

Origin

Senate

68th Legislative Assembly

AI Summary

  • Removes requirement that insurance companies file compliance documents with section 26.1-03-11 before certificate of authority renewal, allowing perpetual certificates if renewal fees are paid by April 30th annually.

  • Eliminates option for fire insurance companies to certify that statistical data has been reported directly to an advisory organization instead of filing forms with the commissioner.

  • Removes reporting requirement for insurance commissioners to design and adopt forms for insurers to report experience data on periodic basis regarding modified community rating implementation.

  • Modifies health insurance board audit requirements to request audits by independent or state auditors only if no audit has been performed during the federal innovation waiver period under the Affordable Care Act.

Legislative Description

The insurance commissioner's red tape reduction.

Last Action

Filed with Secretary Of State 03/15

3/24/2023

Committee Referrals

Industry, Business and Labor2/9/2023
Industry and Business1/3/2023

Full Bill Text

No bill text available