Bill > SB2125

This bill modifies several sections of North Dakota insurance law, focusing on insurance producers and public adjusters. It introduces requirements for insurance producers to maintain an electronic mailing address for regulatory communications and expands the definition of insurance lines to include more specific terminology for life, annuity, and variable life insurance products. The bill adjusts service of process procedures to allow electronic mail as a valid method of communication, and modifies provisions for license renewal and revocation for both individual and business entity public adjusters. Specifically, the bill increases the notice period for license renewal from 60 to 90 days, changes bond and insurance requirements for public adjusters, reduces the termination notice period for surety bonds from 60 to 30 days, and provides more flexibility in reporting continuing education credits. The legislation also streamlines processes for license renewal, name or address changes, and reporting administrative actions or criminal convictions, while giving the insurance commissioner additional administrative tools and discretion in managing producer and adjuster licenses.

Business and Industry

Industry and Business (Senate)

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2125.html