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 representative to issue a "data call" 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 creates a new requirement for insurance companies to file an annual market conduct statement. This statement must be submitted to the commissioner or their designee and include information as prescribed by the commissioner. The commissioner has the discretion to exempt certain companies from this requirement and may adopt rules for the implementation 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