The bill amends several sections of the North Dakota Century Code to update the fees charged by the insurance commissioner. Key changes include an increase in the fee for the original certificate of authority and its annual renewal from $100 to $150, as well as the introduction of new fees for various insurance-related applications and renewals. For instance, the bill establishes fees for county mutuals, life settlement providers, and public adjusters, with specific amounts outlined for initial applications and annual renewals. Additionally, the bill allows for refunds of erroneous payments made for fees, penalties, or interest, provided a claim is submitted within two years of the due date.

Furthermore, the bill standardizes the reference to fees across multiple sections by linking them to the newly amended Section 26.1-01-07, which consolidates the fee structure. This includes adjustments to the language regarding licensing fees for resident and nonresident public adjusters, business entities, and other insurance-related entities, ensuring consistency in the fee amounts and their administration. Overall, the bill aims to streamline the fee structure and enhance the regulatory framework for insurance operations in North Dakota.

Statutes affected:
INTRODUCED: 26.1-01-07, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09
25.8124.01001 : 26.1-01-07, 26.1-01-07.1, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09
FIRST ENGROSSMENT: 26.1-01-07, 26.1-01-07.1, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09
Prepared by the Legislative Council staff for House Appropriations Committee: 26.1-01-07, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09
SECOND ENGROSSMENT: 26.1-01-07, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09
Enrollment: 26.1-01-07, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09
PREFILED: 26.1-01-07, 26.1-26-13.4, 26.1-26.8-04, 26.1-26.8-05, 26.1-26.8-06, 26.1-26.8-09