This bill appropriates funds for the North Dakota insurance commissioner to cover expenses for the biennium from July 1, 2025, to June 30, 2027. It includes a total appropriation of $20,767,871, which encompasses base level enhancements for salaries, operating expenses, and grants. Notably, the bill introduces a new section requiring a government self-insurance pool to report to the legislative management every even-numbered year, detailing claims activity, payment history, and other relevant information. Additionally, it outlines one-time funding items and stipulates that any federal funds that become available during the biennium are also appropriated to the insurance commissioner.

The bill also amends existing laws regarding fees charged by the securities division, increasing the fees for broker-dealers, agents, investment advisers, and investment adviser representatives. Furthermore, it adjusts the salary of the insurance commissioner, establishing a new salary structure that increases incrementally over the next few years. The amendments aim to ensure that the insurance commissioner has adequate resources and updated compensation to effectively manage the responsibilities of the office.

Statutes affected:
Prepared by the Legislative Council staff for House Appropriations - Government Operations Division Committee: 26.1-01-09
FIRST ENGROSSMENT: 26.1-01-09
Prepared by the Legislative Council staff for Senator Sickler: 10-04-10, 26.1-01-09
Prepared by the Legislative Council staff for Conference Committee: 10-04-10, 26.1-01-09
Enrollment: 10-04-10, 26.1-01-09