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ND SB2124
Bill
Status
4/8/2025
Primary Sponsor
Industry and Business
Click for details
AI Summary
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Authorizes the Insurance Commissioner to issue "data calls" (formal inquiries) to insurance companies before or instead of full examinations, with companies required to respond in writing within 20 days
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Requires insurance companies to file annual market conduct statements with the Commissioner, covering scope, format, and deadlines prescribed by the Commissioner
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Protects data call materials and examination documents as confidential, exempt from subpoena, while allowing the Commissioner to publish aggregate or anonymized data publicly
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Permits the Commissioner to designate the National Association of Insurance Commissioners as the repository for data call responses and to share confidential information with NAIC under written agreement
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Passed the Senate 46-0 and House 91-1 during the 69th Legislative Assembly (2025 session)
Legislative Description
Insurance company definitions and examination records.
Last Action
Filed with Secretary Of State 04/08
4/9/2025