WeVote
Log In

Bill

Bill

HB 1010

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.

69th Legislative Assembly (2025-26)

Bill appropriates funds for North Dakota Insurance Commissioner operations, establishes self-insurance pool reporting requirements, and adjusts securities division fees and commissioner salary.

Filed with Secretary Of State 05/02
0
WeVote Research Nonpartisan
Bill Summary · HB 1010

Legislative bill overview

HB 1010 appropriates funding for the North Dakota Insurance Commissioner's office operations and creates new reporting requirements for government self-insurance pools. The bill also adjusts fees for the securities division and modifies the insurance commissioner's salary structure.

Why is this important

The bill ensures continued regulatory oversight of insurance and securities markets in North Dakota, which protects consumers and maintains market stability. The new self-insurance pool reporting requirements enhance transparency and accountability for government entities that self-insure rather than purchase commercial insurance.

Potential points of contention

  • Fee increases: Adjustments to securities division fees could increase compliance costs for businesses operating in or subject to North Dakota securities regulations
  • Self-insurance pool transparency: New reporting mandates may create administrative burdens for government entities currently operating self-insurance pools, though proponents argue this improves fiscal accountability
  • Commissioner salary changes: Modifications to the insurance commissioner's compensation could affect recruitment and retention of qualified regulatory personnel, with implications for regulatory effectiveness

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

Sign in to ask a question.