The bill aims to amend and enact various sections of the North Dakota Century Code concerning the obligations of insurance producers, particularly focusing on the maintenance of an electronic mailing address for regulatory communications. A new section, 26.1-26-33.1, is introduced, mandating that insurance producers maintain an electronic mailing address for regulatory use and are responsible for monitoring it for communications from the commissioner. Additionally, several existing sections are amended to update terminology and procedures, such as changing "nonresident" to simply "licensee" in service of process provisions and revising the lines of insurance that producers can market, including the addition of "fixed and indexed" annuities and "sickness" under accident and health insurance.

Other amendments include changes to the renewal and reinstatement processes for public adjuster licenses, with specific timelines and fees outlined. The bill also clarifies the requirements for proof of financial responsibility, such as surety bonds, and updates continuing education requirements for public adjusters, including a new reporting deadline by the last day of the birth month. Overall, the bill modernizes the regulatory framework for insurance producers in North Dakota, ensuring compliance with updated practices and enhancing communication between producers and regulatory authorities.

Statutes affected:
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
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
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