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 introduces new provisions for a legislative management study and a continuing appropriation for the fund, clarifying the roles and responsibilities of the office in managing the fund. Key changes include the definition of the "North Dakota insurance reserve fund," requirements for state agencies to obtain replacement cost appraisals for insured properties every six years, and the establishment of guidelines for determining insurable values. The bill also specifies that state-owned buildings constructed after 1939 must be insured at replacement cost unless otherwise approved.

Additionally, the bill allows the office to contract for insurance broker services and modifies the waiver of subrogation rights during construction. It establishes liability for political subdivisions that intentionally violate state law, making them responsible for attorney fees and costs incurred in defending such actions. The bill also mandates a study during the 2025-26 interim to evaluate the feasibility of removing political subdivisions from the state fire and tornado fund. Several outdated provisions are repealed, and the bill aims to modernize insurance-related processes while ensuring adequate coverage and accountability for public properties.

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