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ND SB2295

Bill

Official Source

Status

Passed

4/19/2023

Primary Sponsor

Jerry Klein

Click for details

Origin

Senate

68th Legislative Assembly

AI Summary

  • Repeals chapter 26.1-23 of the North Dakota Century Code relating to the unsatisfied judgment fund
  • Transfers any remaining balance in the unsatisfied judgment fund to the state highway fund upon the effective date
  • Amends section 26.1-25-15 to rename the assigned risk agreement as the "North Dakota automobile insurance plan"
  • Requires all insurance companies writing private passenger, commercial, and other motor vehicle insurance in North Dakota to be subscribers to the plan
  • Authorizes the plan to be managed by one or more entities approved by the commissioner and requires annual audited financial reports to be filed with the commissioner

Legislative Description

The unsatisfied judgment fund; and to provide for a transfer.

Last Action

Filed with Secretary Of State 04/19

4/20/2023

Committee Referrals

Appropriations3/31/2023
Industry, Business and Labor2/17/2023
Industry and Business1/16/2023

Full Bill Text

No bill text available