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ND SB2091

Bill

Status

Passed

3/18/2025

Primary Sponsor

Industry and Business

Click for details

Origin

Senate

69th Legislative Assembly

AI Summary

  • 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

  • Expands coverage from only "nongrandfathered" individual health benefit plans to all individual health benefit plans

  • Requires the board to annually determine attachment points and coinsurance percentages for association claims by April 1 of the preceding plan year

  • Declared an emergency measure, allowing immediate effect upon passage

  • 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

Committee Referrals

Industry, Business and Labor2/18/2025
Industry and Business1/7/2025

Full Bill Text

No bill text available