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 various fees for broker-dealers, agents, and investment advisers. Furthermore, it adjusts the salary of the insurance commissioner, establishing a new salary structure that increases incrementally over the next few years. The legislation emphasizes the need for transparency and accountability in the operations of the insurance commissioner and related entities, ensuring that the legislative assembly is informed about the use of funds and the performance of the self-insurance pool.

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