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ND SB2091
Bill
Status
3/18/2025
Primary Sponsor
Industry and Business
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AI Summary
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Establishes a claims threshold of $100,000 to $1,000,000 per plan year for member insurers to receive reinsurance from the Reinsurance Association of North Dakota at up to 75% of the insurer's claims responsibility
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Expands coverage from only "nongrandfathered" individual health benefit plans to all individual health benefit plans
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Requires the board to annually determine attachment points and coinsurance percentages for association claims by April 1 of the preceding plan year
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Declared an emergency measure, allowing immediate effect upon passage
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Passed Senate 46-1 and House 87-5
Legislative Description
Requirements for reinsurance association of North Dakota claims; and to declare an emergency.
Last Action
Filed with Secretary Of State 03/18
3/20/2025