This bill proposes the creation of 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 cessation of operations for the association, stating that enrollment will end on May 1, 2025, and all existing benefit plans will terminate 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 existing chapters 26.1-08 and 26.1-08.1 of the North Dakota Century Code. It establishes a statute of limitations for actions against the association or the board, requiring that such actions be initiated within one year of the cause or by December 31, 2027, whichever comes first. The bill is declared an emergency measure, with the repeal of the previous chapters taking effect on December 31, 2027.