The bill amends section 26.1-36.7-08 of the North Dakota Century Code, which pertains to the requirements for the reinsurance association of North Dakota claims. It specifies that for claims incurred per plan year that total at least one hundred thousand dollars and not more than one million dollars, a member insurer must be reinsured by the association for an amount not exceeding seventy-five percent of the member insurer's responsibility for claims. Additionally, the board is tasked with determining the attachment points and coinsurance percentage for association claims for each plan year by April first of the preceding year.

The bill also removes the term "individual's nongrandfathered" from the language regarding health benefit plans, streamlining the requirements for reinsurance. This legislation is declared an emergency measure, indicating its immediate necessity for implementation.

Statutes affected:
PREFILED: 26.1-36.7-08
Enrollment: 26.1-36.7-08
INTRODUCED: 26.1-36.7-08