SB 2124 North Dakota Senate · 69th Legislative Assembly (2025-26)

AN ACT to create and enact section 26.1-03-19.8 and a new section to chapter 26.1-03 of the North Dakota Century Code, relating to insurance company inquiries and insurance company statements; and to amend and reenact section 26.1-03-19.1 and subsection 6 of section 26.1-03-19.4 of the North Dakota Century Code, relating to insurance company definitions and examination records.

Summary
Relating to insurance company inquiries and insurance company statements; and to amend and reenact section 26.1‑03‑19.1 and subsection 6 of section 26.1‑03‑19.4 of the North Dakota Century Code, relating to insurance company definitions and examination records.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Apr 2025
House Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Jan 7, 2025 Signed Apr 8, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

FIRST ENGROSSMENT Enrollment · 5 edits
MODERATE
This bill updates North Dakota insurance regulations by adding new definitions for insurance data inquiries, establishing a formal process for the Insurance Commissioner to request data from companies, and creating a new requirement for companies to file annual market conduct statements. The changes strengthen the Commissioner's ability to gather information for regulatory oversight while maintaining confidentiality protections for the data collected.
Scope change
The bill expands the scope of regulatory oversight by introducing a new 'data call' mechanism that allows the Insurance Commissioner to request information from insurance companies without a full examination, and adds a requirement for annual market conduct statements.
DEFINITION

Added new definitions for 'data call' and 'person' to clarify what information the Insurance Commissioner can request and who is subject to the regulations.

REQUIREMENT

Created a new section requiring insurance companies to file annual market conduct statements with the Insurance Commissioner, detailing their business activities and compliance status.

Established a formal 'data call' process allowing the Insurance Commissioner to request specific information from insurance companies within 20 days, with provisions for extensions.

Modified the definition of 'data call' to clarify it can be issued before, during, or in lieu of an examination, giving the Commissioner more flexibility in gathering information.

ENFORCEMENT

Strengthened confidentiality protections for examination records and data call responses, explicitly stating they are not subject to subpoena and may not be made public except in aggregate or anonymized formats.

Floor votes · Senate Apr 2, 2025 · House Mar 17, 2025

How they voted

460
Passed · 1 other
Total votes 47
Apr 2, 2025
D Democratic5
5 Yea
100% Yea
R Republican42
41 Yea 1
97% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
11
Committee
4
Apr 9, 2025
Introduced
Filed with Secretary Of State 04/08
legislature
Apr 8, 2025
Signed into law
Signed by Governor 04/07
upper
Apr 2, 2025
Upper · Passed
Second reading, passed, yeas 46 nays 0
upper
Apr 2, 2025
Upper · Passed
Concurred
upper
Mar 17, 2025
Lower · Passed
Second reading, passed as amended, yeas 91 nays 1
lower
Mar 14, 2025
Lower · Passed
Amendment adopted, placed on calendar
lower
Mar 13, 2025
Lower · Passed
Reported back amended, do pass, amendment placed on calendar 12 0 2
lower
Mar 12, 2025
Lower · Passed
Committee Hearing 02:30
lower
Feb 13, 2025
Introduced
Introduced, first reading, referred Industry, Business and Labor Committee
lower
Jan 17, 2025
Upper · Passed
Second reading, passed, yeas 47 nays 0
upper
Jan 16, 2025
Upper · Passed
Amendment adopted, placed on calendar
upper
Jan 15, 2025
Upper · Passed
Reported back amended, do pass, amendment placed on calendar 5 0 0
upper
Jan 14, 2025
Upper · Passed
Committee Hearing 02:00
upper
Jan 7, 2025
Introduced
Introduced, first reading, (emergency), referred Industry and Business Committee
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.