This bill proposes the creation of a new section in chapter 65-04 of the North Dakota Century Code, which establishes eligibility for a one-time premium credit of up to $250 for active members of the North Dakota National Guard, armed forces, veterans, and surviving spouses of veterans. The premium credit is applicable to new accounts where the eligible individual holds at least 50% ownership. Additionally, the bill allows the organization to implement rules for the administration of this premium credit.

Furthermore, the bill amends section 65-04-32 to update the procedures for issuing decisions by the organization. It allows for decisions to be communicated via electronic means in addition to regular mail, and it clarifies the process for employers to request reconsideration of decisions. The amendments also streamline the process for issuing administrative orders and appeals, ensuring that parties are informed of their rights and the procedures involved. The provisions of the new premium credit will take effect for new account applications received on or after July 1, 2025.

Statutes affected:
INTRODUCED: 65-04-32
Adopted by the Senate Industry and Business Committee: 65-04-32
FIRST ENGROSSMENT: 65-04-32
PREFILED: 65-04-32