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SB 2214

AN ACT to amend and reenact subsection 4 of section 6-01-07.1, subsections 4 and 5 of section 10-04-02, sections 10-04-03 and 10-04-16, paragraph 2 of subdivision a of subsection 1 of section 10-04-16.1, section 26.1-06-12, subsection 3 of section 43-10.1-01, subsection 2 of section 43-23.1-05, subsection 4 of section 51-19-02, subsection 3 of section 51-23-02, subsection 1 of section 51-23-15, subsection 1 of section 54-12-08, subsection 1 of section 54-59-22.1, subsection 4 of section 57-38.5-01, and subsection 5 of section 57-38.6-01 of the North Dakota Century Code, relating to the insurance commissioner assuming the duties of the securities commissioner; to provide for a transfer; to provide an effective date; and to declare an emergency.

69th Legislative Assembly (2025-26) Introduced by David Hogue and 5 co-sponsors

Overview: SB 2214 is a bill to amend various sections of the North Dakota Century Code related to the insurance commissioner assuming the duties of the securities commissioner.Purp

Filed with Secretary Of State 04/17
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Bill Summary · SB 2214

Overview: SB 2214 is a bill to amend various sections of the North Dakota Century Code related to the insurance commissioner assuming the duties of the securities commissioner.

Purpose and Intent: The main purpose of this bill is to consolidate the regulatory oversight of insurance and securities under the insurance commissioner, streamlining the administration of these functions.

Key Provisions:
- Transfers the duties and responsibilities of the securities commissioner to the insurance commissioner
- Provides for the effective transfer of personnel, records, and assets related to the securities regulation function
- Declares the bill an emergency measure to facilitate the timely implementation of the changes

Affected Parties and Impacts: The bill would affect the insurance commissioner's office, which would assume the additional duties and responsibilities of securities regulation. It aims to improve the efficiency and coordination of financial services oversight in North Dakota.

Procedural and Timeline Considerations: The bill has been filed with the Secretary of State and is currently pending further legislative action. If passed, the changes would take effect immediately due to the emergency declaration.

Compiled from official sources — confirm details with the bill’s official record.

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