This bill appropriates funds to the North Dakota insurance commissioner for the biennium from July 1, 2025, to June 30, 2027, with a total budget of $20,767,871. The appropriation includes base level enhancements for salaries, operating expenses, and grants, as well as a new and vacant full-time equivalent (FTE) pool. Additionally, the bill outlines one-time funding items totaling $140,000 for specific equipment and accrued leave payouts, which will not be included in the base budget for the following biennium. The insurance commissioner is also authorized to request transfers from the new and vacant FTE pool to the salaries and wages line item.

The bill amends existing laws regarding fees charged by the securities division, increasing various fees for broker-dealers, agents, and investment advisers. It also adjusts the salary of the insurance commissioner, establishing a new salary structure that increases incrementally over the next few years. Furthermore, a new section is added to require government self-insurance pools to report their activities, including claims and compensation details, to the legislative management every even-numbered year.

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