Bill > HB1088

This bill amends Section 26.1-01-03.3 of the North Dakota Century Code to modify penalties for violations of the insurance title. Specifically, the bill establishes a more detailed framework for administrative penalties, allowing the insurance commissioner to impose monetary fines of up to $10,000 for each violation after conducting a hearing. Additionally, the bill introduces a new provision that enables the commissioner to require restitution for direct financial losses suffered by individuals harmed by a violation, while explicitly limiting the commissioner's authority to determine or adjudicate insurance policy obligations. The changes aim to provide the insurance commissioner with clearer and more flexible enforcement mechanisms, replacing the previous general language about "penalties" with more specific guidelines for administrative fines and restitution. The bill uses the term "administrative monetary fine" to describe the potential financial penalty, which can be imposed after a formal hearing process.

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https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1088.html