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ND SB2214

Bill

Status

Passed

4/18/2025

Primary Sponsor

Dale Patten

Click for details

Origin

Senate

69th Legislative Assembly

AI Summary

  • Transfers all duties of the securities commissioner to the insurance commissioner, eliminating the separate securities commissioner position that was previously a governor-appointed, senate-confirmed four-year term

  • Amends definitions across multiple North Dakota Century Code chapters to replace "securities commissioner" and "securities department" with "insurance commissioner" and "insurance department"

  • Directs the office of management and budget to transfer all appropriated amounts and full-time equivalent positions from the securities department to the insurance commissioner for the 2025-2027 biennium

  • Removes the securities department from the list of state agencies required to obtain centralized desktop support services from the information technology department

  • Effective July 1, 2025, and declared an emergency measure; passed Senate 40-6 and House 88-1

Legislative Description

The insurance commissioner assuming the duties of the securities commissioner; to provide for a transfer; to provide an effective date; and to declare an emergency.

Last Action

Filed with Secretary Of State 04/17

4/21/2025

Committee Referrals

Appropriations3/12/2025
Industry, Business and Labor3/7/2025
Industry and Business1/16/2025

Full Bill Text

No bill text available