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ND SB2092

Bill

Status

Passed

4/8/2025

Primary Sponsor

Industry and Business

Click for details

Origin

Senate

69th Legislative Assembly

AI Summary

  • Removes outdated transitional provision that exempted licenses issued between May 1, 2023, and July 31, 2023, from renewal until April 30, 2025
  • Maintains annual license renewal deadline of April 30th for life settlement providers and brokers, with failure to pay resulting in automatic revocation or expiration
  • Licenses issued after January 1st are not required to renew until April 30th of the following calendar year
  • Passed unanimously in both chambers (Senate 46-0, House 89-0)

Legislative Description

Life settlement producer licenses and reporting requirements.

Last Action

Filed with Secretary Of State 04/08

4/9/2025

Committee Referrals

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

Full Bill Text

No bill text available