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ND HB1123

Bill

Status

Passed

3/18/2025

Primary Sponsor

Industry, Business and Labor

Click for details

Origin

House of Representatives

69th Legislative Assembly

AI Summary

  • Filing fee for articles of incorporation increases from $25 to $50; certificate of authority fees increase from $100 to $150 for original issuance and annual renewal; certificate amendments increase from $50 to $100

  • Annual statement filing fee increases from $25 to $100 for most insurance companies; filing abstract of annual statement for publication increases from $30 to $50

  • Insurance producer appointment and renewal fees increase from $10 to $25 per company appointment

  • Life or health insurance administrator license fee set at $250 initial and $100 annual renewal; multiple employer welfare arrangement initial application fee set at $500 with $100 annual renewal

  • Removes commissioner's authority to increase fees after public hearing to generate revenue; adds provision allowing refunds for erroneous fee payments within two years of due date

Legislative Description

Fees charged by the insurance commissioner.

Last Action

Filed with Secretary Of State 03/18

3/19/2025

Committee Referrals

Appropriations3/7/2025
Industry and Business2/11/2025
Appropriations1/17/2025
Industry, Business and Labor1/7/2025

Full Bill Text

No bill text available