This bill amends and enacts several sections of the North Dakota Century Code related to insurance company inquiries and statements. It introduces a new section, 26.1-03-19.8, which allows the commissioner or their designated representative to issue "data calls" to insurance companies, requiring them to respond in writing within twenty days unless an extension is granted. The bill also defines "data call" and establishes that all materials related to these inquiries will be treated confidentially, not subject to subpoena, and may only be disclosed in aggregate or anonymized formats.

Additionally, the bill amends section 26.1-03-19.1 to clarify definitions related to insurance companies and their examinations, and it modifies subsection 6 of section 26.1-03-19.4 to specify the confidentiality of examination records. A new requirement is introduced for insurance companies to file an annual market conduct statement, which must adhere to guidelines set by the commissioner. The commissioner is also granted the authority to adopt rules for the administration of these provisions.

Statutes affected:
PREFILED: 26.1-03-19.1, 26.1-03-19.4
Adopted by the Senate Industry and Business Committee: 26.1-03-19.1, 26.1-03-19.4
FIRST ENGROSSMENT: 26.1-03-19.1, 26.1-03-19.4
Adopted by the House Industry, Business and Labor Committee: 26.1-03-19.1, 26.1-03-19.4
Enrollment: 26.1-03-19.1, 26.1-03-19.4
INTRODUCED: 26.1-03-19.1, 26.1-03-19.4