This bill proposes the creation of a new section in chapter 15-10 and a new chapter in title 50 of the North Dakota Century Code, which addresses the acceptance of health care sharing ministries by institutions of higher education. It stipulates that a student's active participation in a health care sharing ministry satisfies any health care coverage requirements for students, with the exception of international students who must comply with federal visa regulations. The bill also outlines the minimum standards that institutions must adhere to regarding health insurance for international students.

Additionally, the bill defines a "health care sharing ministry" as a nonprofit organization that meets specific criteria, including being tax-exempt under section 501(c)(3) of the Internal Revenue Code, facilitating financial or medical needs among participants, and providing clear disclaimers that participation is not insurance. Furthermore, it establishes that health care sharing ministries are not considered insurance entities and are therefore exempt from insurance regulations.