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SB 2374 ND
Became Law

AN ACT to create and enact two new sections to chapter 26.1-30, two new sections to chapter 26.1-39, a new section to chapter 26.1-44, and a new subsection to section 26.1-46-03 of the North Dakota Century Code, relating to mandatory arbitration endorsements for property insurance, managed repair programs, civil remedy actions against property insurers, notice of property insurance claims, and surplus lines insurance policies; to amend and reenact sections 26.1-02-05, 26.1-25-02.1, 26.1-25-16, 26.1-26-04.1, 26.1-44-03, 26.1-46-01, 26.1-46-08, and 26.1-46-08.1 of the North Dakota Century Code, relating to exceptions to unauthorized insurance transactions, exceptions for large commercial risks in fire, property, and casualty insurance rates, surplus lines insurance, risk retention groups and purchasing groups, restrictions on insurance purchased by purchasing groups, and purchasing group taxation and fees; to repeal section 26.1-44-03.3 of the North Dakota Century Code, relating to an exemption from search requirements for licensed surplus line producers; to provide for a legislative management report; and to provide a penalty.

ND · session 69 · Senate · bill

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Introduced Jan 27, 2025

Latest action (May 2, 2025) Filed with Secretary Of State 05/01

Summary

Relating to mandatory arbitration endorsements for property insurance, managed repair programs, civil remedy actions against property insurers, notice of property insurance claims, and surplus lines insurance policies; to amend and reenact sections 26.1‑02‑05, 26.1‑25‑02.1, 26.1‑25‑16, 26.1‑26‑04.1, 26.1‑44‑03, 26.1‑46‑01, 26.1‑46‑08, and 26.1‑46‑08.1 of the North Dakota Century Code, relating to exceptions to unauthorized insurance transactions, exceptions for large commercial risks in fire, property, and casualty insurance rates, surplus lines insurance, risk retention groups and purchasing groups, restrictions on insurance purchased by purchasing groups, and purchasing group taxation and fees; to repeal section 26.1‑44‑03.3 of the North Dakota Century Code, relating to an exemption from search requirements for licensed surplus line producers; to provide for a legislative management report; and to provide a penalty.

Sponsor (1)

5 coauthors / cosponsors

Action history (26)

  1. Jan 27, 2025 Introduced, first reading, referred Industry and Business Committee · upper
  2. Feb 5, 2025 Committee Hearing 10:00 · upper
  3. Feb 18, 2025 Reported back amended, do pass, amendment placed on calendar 5 0 0 · upper
  4. Feb 19, 2025 Amendment adopted, placed on calendar · upper
  5. Feb 19, 2025 Second reading, passed, yeas 45 nays 2 · upper
  6. Feb 20, 2025 Received from Senate · lower
  7. Feb 21, 2025 Introduced, first reading, referred Industry, Business and Labor Committee · lower
  8. Mar 18, 2025 Committee Hearing 02:30 · lower
  9. Apr 2, 2025 Reported back amended, do pass, amendment placed on calendar 7 4 3 · lower
  10. Apr 3, 2025 Amendment adopted, placed on calendar · lower
  11. Apr 8, 2025 Second reading, passed as amended, yeas 76 nays 17 · lower
  12. Apr 9, 2025 Returned to Senate (12) · upper
  13. Apr 11, 2025 Refused to concur · upper
  14. Apr 11, 2025 Conference committee appointed Barta Kessel Klein · upper
  15. Apr 15, 2025 Conference committee appointed J. Johnson C. Brown Vollmer · lower
  16. Apr 21, 2025 Reported back from conference committee, in place of, placed on calendar · upper
  17. Apr 21, 2025 Conference committee report adopted · upper
  18. Apr 21, 2025 Second reading, passed, yeas 46 nays 1 · upper
  19. Apr 21, 2025 Reported back from conference committee, in place of, placed on calendar · lower
  20. Apr 24, 2025 Conference committee report adopted · lower
  21. Apr 24, 2025 Second reading, passed as amended, yeas 79 nays 14 · lower
  22. Apr 28, 2025 Signed by Speaker · lower
  23. Apr 29, 2025 Signed by President · upper
  24. Apr 29, 2025 Sent to Governor · upper
  25. May 1, 2025 Signed by Governor 04/30 · upper
  26. May 2, 2025 Filed with Secretary Of State 05/01 · legislature

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