This bill establishes a new chapter, 26.1-08.1, in the North Dakota Century Code, which pertains to the comprehensive health association of North Dakota. It includes definitions for key terms such as "association," "board," "creditable coverage," "guaranteed issue," and "lead carrier." The bill outlines the process for the association to cease operations, including a timeline for ending enrollment by May 1, 2025, and terminating all existing benefit plans by December 31, 2025. It mandates that individuals losing creditable coverage must be provided enrollment into comparable health benefit plans or Medicare supplement policies.

Additionally, the bill repeals the previous chapters 26.1-08 and 26.1-08.1, effectively replacing them with the new provisions. It also establishes a statute of limitations for actions against the association or the board, requiring that such actions be initiated within one year or by December 31, 2027, whichever comes first. The bill is declared an emergency measure and is set to take effect on December 31, 2027.