This bill amends various sections of the North Dakota Century Code to transfer the administration of the state fire and tornado fund from the insurance commissioner to the office of management and budget. It deletes the insurance commissioner's responsibilities regarding the fund and introduces new provisions that establish the office of management and budget as the managing entity. The bill also provides for a continuing appropriation of funds for paying claims and outlines the office's responsibilities, including the ability to contract for administrative services. Additionally, it mandates that state agencies and political subdivisions report the insurable value of their properties and obtain replacement cost appraisals every six years, aiming to streamline fund management and ensure adequate coverage against various risks.

The bill further modifies insurance coverage practices for state agencies and political subdivisions, including requirements for the office to certify insurance assessments and for timely payments from state agencies. It allows these entities to purchase insurance from authorized companies and establishes guidelines for determining insurable values. Significant deletions include the removal of provisions for competitive sealed bids for public building insurance and the previous requirement for public libraries to contract for vandalism coverage. New arbitration procedures for disputes regarding insurable values are introduced, along with provisions for maintaining a minimum reserve balance and issuing anticipation bonds in catastrophic events. The bill also clarifies the role of government self-insurance pools and mandates insurance coverage for military installations, while calling for a legislative study to evaluate the feasibility of removing political subdivisions from the state fire and tornado fund.

Statutes affected:
PREFILED: 26.1-01-03, 26.1-22-01, 26.1-22-02, 26.1-22-02.1, 26.1-22-03.1, 26.1-22-09, 26.1-22-10, 26.1-22-11, 26.1-22-14, 26.1-22-16, 26.1-22-17, 26.1-22-21, 26.1-22-22, 26.1-23.1-01, 37-03-13
Adopted by the House Industry, Business and Labor Committee: 26.1-01-03, 26.1-22-01, 26.1-22-02, 26.1-22-02.1, 26.1-22-03.1, 26.1-22-09, 26.1-22-10, 26.1-22-11, 26.1-22-14, 26.1-22-16, 26.1-22-17, 26.1-22-21, 26.1-22-22, 26.1-23.1-01, 37-03-13
FIRST ENGROSSMENT: 26.1-01-03, 26.1-22-01, 26.1-22-02, 26.1-22-02.1, 26.1-22-03.1, 26.1-22-09, 26.1-22-10, 26.1-22-11, 26.1-22-14, 26.1-22-16, 26.1-22-17, 26.1-22-21, 26.1-22-22, 26.1-23.1-01, 37-03-13
Adopted by the Senate Industry and Business Committee: 26.1-01-03, 26.1-22-01, 26.1-22-02, 26.1-22-02.1, 26.1-22-03.1, 26.1-22-09, 26.1-22-10, 26.1-22-11, 26.1-22-14, 26.1-22-16, 26.1-22-17, 26.1-22-21, 26.1-22-22, 26.1-23.1-01, 37-03-13
Enrollment: 26.1-01-03, 26.1-22-01, 26.1-22-02, 26.1-22-02.1, 26.1-22-03.1, 26.1-22-09, 26.1-22-10, 26.1-22-11, 26.1-22-14, 26.1-22-16, 26.1-22-17, 26.1-22-21, 26.1-22-22, 26.1-23.1-01, 37-03-13
INTRODUCED: 26.1-01-03, 26.1-22-01, 26.1-22-02, 26.1-22-02.1, 26.1-22-03.1, 26.1-22-09, 26.1-22-10, 26.1-22-11, 26.1-22-14, 26.1-22-16, 26.1-22-17, 26.1-22-21, 26.1-22-22, 26.1-23.1-01, 37-03-13