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 one hundred dollars to one hundred fifty dollars, as well as the introduction of new fees for various insurance-related applications and licenses. For instance, the bill establishes fees for life settlement providers, public adjusters, and multiple employer welfare arrangements, with initial application fees set at one hundred dollars and annual renewals at twenty-five dollars. Additionally, the bill allows for refunds of erroneous payments made for fees, provided claims are submitted within two years.

The bill also standardizes the language regarding licensing fees across multiple sections, ensuring that all fees are referenced as prescribed in section 26.1-01-07. This includes the removal of specific fee caps previously mentioned in the law, thereby streamlining the fee structure for various insurance licenses and applications. Overall, the amendments aim to clarify and modernize the fee schedule while ensuring that the insurance regulatory framework remains effective and responsive to current needs.

Statutes affected:
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
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
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