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ND SB2125
Bill
Status
3/18/2025
Primary Sponsor
Industry and Business
Click for details
AI Summary
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Insurance producers must maintain an email address for regulatory communications and are solely responsible for monitoring it; the Insurance Commissioner may now serve process via email or U.S. mail instead of registered mail
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Nonresident producer licenses may be suspended or revoked 60 days after the commissioner receives notification that the producer's home state license is past its renewal deadline
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Public adjuster license renewal notice period increased from 60 to 90 days; surety bond termination notice period reduced from 60 to 30 days
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Business entity public adjuster late renewal provisions (30-day grace period with $125 late fee) are removed from statute
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Commissioner's authority to adopt rules for continuing education course accreditation is eliminated; passed Senate 47-0 and House 91-2
Legislative Description
Producer's lines of insurance, service of process for producer proceedings, revocation of nonresident producer licenses, requirements for renewal of business entity public adjuster licenses, public adjuster proof of insurance requirements, and public adjuster continuing education requirements.
Last Action
Filed with Secretary Of State 03/18
3/20/2025