This bill amends several sections of the North Dakota Century Code related to insurance producers and public adjusters, while also introducing a new section that mandates insurance producers to maintain an electronic mailing address for regulatory communications. Key amendments include the removal of "and annuity" from the definition of life insurance, the addition of "or sickness" to the accident and health insurance definition, and the inclusion of "fixed and indexed" annuities. The bill also updates the service of process for licensees, allowing for electronic mail as a valid method of communication, and specifies that nonresident licenses can be revoked without notice if the producer's license in their home state is past the renewal deadline.

Additionally, the bill outlines the requirements for public adjuster licenses, including renewal procedures and continuing education mandates. It establishes that public adjusters must report any changes in their legal name or mailing address within thirty days and introduces penalties for non-compliance. The bill also clarifies the financial responsibility requirements for public adjusters, including maintaining a surety bond, and updates the continuing education reporting timeline to align with the license renewal cycle. Overall, the bill aims to modernize the regulatory framework for insurance producers and public adjusters in North Dakota.

Statutes affected:
PREFILED: 26.1-26-11, 26.1-26-22, 26.1-26-42.1, 26.1-26.8-09, 26.1-26.8-11, 26.1-26.8-12
Enrollment: 26.1-26-11, 26.1-26-22, 26.1-26-42.1, 26.1-26.8-09, 26.1-26.8-11, 26.1-26.8-12
INTRODUCED: 26.1-26-11, 26.1-26-22, 26.1-26-42.1, 26.1-26.8-09, 26.1-26.8-11, 26.1-26.8-12