AN ACT to amend and reenact sections 26.1-27-03 and 26.1-27.1-02 of the North Dakota Century Code, relating to licensing for administrators of life and health insurance and pharmacy benefit managers.
HB 1087 updates licensing requirements for administrators of life and health insurance and pharmacy benefit managers in North Dakota. It amends specific sections of state law (26.1-27-03 and 26.1-27.1-02) to modernize the rules these professionals must follow. The bill directly affects insurance companies, health insurers, and pharmacy benefit managers who must now comply with the revised licensing standards. These changes streamline administrative processes without altering core insurance or pharmacy benefit management practices.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Jan 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 7, 2025
Signed Mar 18, 2025
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What changed between versions
INTRODUCED
→
Enrollment
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4 edits
MODERATE
This bill updates North Dakota's insurance licensing laws to require certificates of authority for administrators of life, health, and annuity insurance, including those working with self-funded plans. It also mandates registration for pharmacy benefit managers. The changes clarify that operating without proper licensing is a class C felony and establish specific fees and renewal requirements.
Scope change
The bill expands regulatory oversight to include administrators of self-funded life, annuity, and health coverage plans, and explicitly requires licensing for pharmacy benefit managers.
REQUIREMENT
Requires all insurance administrators and pharmacy benefit managers to obtain a certificate of authority or registration license from the commissioner before operating in North Dakota.
ENFORCEMENT
Establishes that operating without proper licensing is a class C felony and allows the commissioner to revoke licenses, impose fines up to $10,000, or suspend licenses for violations.
FISCAL
Sets a $100 filing fee for initial applications and a $50 annual renewal fee for maintaining the certificate of authoritylicense.
DEFINITION
Clarifies that 'administrator' includes persons who underwrite, collect premiums, or adjust claims for self-funded life, annuity, or health coverage plans.
Floor votes · Senate Mar 7, 2025 · House Jan 16, 2025
How they voted
47–0
Passed
Total votes 47
Mar 7, 2025
D
Democratic5
100% Yea
R
Republican42
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
7
Committee
4
Mar 19, 2025
Introduced
Filed with Secretary Of State 03/14
legislature
Mar 18, 2025
Signed into law
Signed by Governor 03/14
lower
Mar 7, 2025
Upper · Passed
Second reading, passed, yeas 47 nays 0
upper
Mar 7, 2025
Upper · Passed
Reported back, do pass, place on calendar 6 0 0
upper
Feb 12, 2025
Upper · Passed
Committee Hearing 09:30
upper
Feb 5, 2025
Introduced
Introduced, first reading, referred Human Services Committee
upper
Jan 16, 2025
Lower · Passed
Second reading, passed, yeas 92 nays 1
lower
Jan 15, 2025
Lower · Passed
Reported back, do pass, place on calendar 13 0 1
lower
Jan 8, 2025
Lower · Passed
Committee Hearing 10:15
lower
Jan 7, 2025
Introduced
Introduced, first reading, referred Industry, Business and Labor Committee
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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