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Bill > HB1010
ND HB1010
ND HB1010Fees charged by the securities division and the salary of the insurance commissioner; and to provide for a legislative management report.
summary
Introduced
01/07/2025
01/07/2025
In Committee
04/15/2025
04/15/2025
Crossed Over
02/14/2025
02/14/2025
Passed
04/29/2025
04/29/2025
Dead
Signed/Enacted/Adopted
05/02/2025
05/02/2025
Introduced Session
Potential new amendment
69th Legislative Assembly
Bill Summary
AN ACT to provide an appropriation for defraying the expenses of the insurance commissioner; to create and enact a new section to chapter 26.1-23.1 of the North Dakota Century Code, relating to a government self-insurance pool report; to amend and reenact subsection 8 of section 10-04-10 and section 26.1-01-09 of the North Dakota Century Code, relating to fees charged by the securities division and the salary of the insurance commissioner; and to provide for a legislative management report.
AI Summary
This bill addresses several financial and administrative matters for the North Dakota Insurance Commissioner's office. It provides an appropriation of nearly $20.8 million for the 2025-2027 biennium, which includes funding for salaries, operating expenses, and grants, and increases the number of full-time equivalent positions from 47 to 57. The bill also increases registration fees for various financial professionals in the securities division, such as raising broker-dealer registration fees from $200 to $240 and agent registration fees from $60 to $75. Additionally, it increases the annual salary of the insurance commissioner from $130,000 to $139,256 through June 30, 2026, and to $143,434 thereafter. The bill introduces a new reporting requirement for government self-insurance pools, mandating that they provide a comprehensive report to the legislative management every two years, detailing claims activity, payment history, balances, complaint history, and executive compensation. The bill also includes provisions for one-time funding items like equipment purchases and accrued leave payouts, and allows the insurance commissioner to request transfers from a new and vacant FTE pool to the salaries and wages line item under specific guidelines.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations (House)
Last Action
Filed with Secretary Of State 05/02 (on 06/11/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1010.html |
| Senate Amendment 25.0154.04000 | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-04000.pdf |
| House Amendment 25.0154.03000 | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-03000.pdf |
| BillText | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-05000.pdf |
| BillText | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-04000.pdf |
| BillText | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-03000.pdf |
| BillText | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-02000.pdf |
| BillText | https://ndlegis.gov/assembly/69-2025/regular/documents/25-0154-01000.pdf |
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