The bill amends various 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 filing annual statements for county mutuals and life settlement providers. Additionally, the bill establishes fees for multiple employer welfare arrangements, life settlement brokers, and public adjuster licenses, among others. The bill also clarifies that nonprofit health service corporations and health maintenance organizations will be subject to the same fees as other insurance companies.

Furthermore, the bill removes the previous cap on certain fees and stipulates that the commissioner must provide a refund for any erroneous payments made by individuals. It also mandates that all licensing fees referenced in the bill are to be prescribed in section 26.1-01-07, ensuring consistency across the various licensing requirements. Overall, the bill aims to streamline the fee structure and enhance the regulatory framework for insurance operations in North Dakota.

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