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 credits. It establishes that public adjusters must report any changes in their legal name or mailing address within thirty days and may face fines for non-compliance. The continuing education requirements are adjusted to allow for a one-time extension for reporting, and the bill clarifies that nonresident public adjusters can meet their home state's continuing education requirements instead of North Dakota's. Overall, the bill aims to streamline regulatory processes and enhance communication between insurance producers and the regulatory body.

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