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ND SB2124

Bill

Status

Passed

4/8/2025

Primary Sponsor

Industry and Business

Click for details

Origin

Senate

69th Legislative Assembly

AI Summary

  • 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

  • Requires insurance companies to file annual market conduct statements with the Commissioner, covering scope, format, and deadlines prescribed by the Commissioner

  • Protects data call materials and examination documents as confidential, exempt from subpoena, while allowing the Commissioner to publish aggregate or anonymized data publicly

  • 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

  • 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

Committee Referrals

Industry, Business and Labor2/13/2025
Industry and Business1/7/2025

Full Bill Text

No bill text available