North Dakota funds insurance office and sets related rules

The text provides the insurance commissioner with $20,767,871 in other funds for office expenses. The funding covers the insurance commissioner’s office, including salaries, vacant positions, operating costs, equipment, and grants. The money comes from special funds and federal funds. The office may not directly spend the new and vacant FTE pool money. It may ask the Office of Management and Budget to move that money to salaries under House Bill 1015 rules. Any additional federal money that becomes available is also provided for the office, with required reports to state officials. The main funding applies from July 1, 2025, through June 30, 2027.

The text lists registration, transfer, notice-filing, and annual renewal fees for securities businesses. The listed fees apply to broker-dealers, agents, investment advisers, federal covered advisers, and investment adviser representatives. The fee must accompany the application or renewal filing. The text also allows an application to be withdrawn with the commissioner’s consent and a written request. The supplied fee provision does not state a separate start or end date.

The text states an annual salary schedule for the insurance commissioner. The schedule applies to the North Dakota insurance commissioner. The text states $139,256 through June 30, 2026, and $143,434 after that date; earlier salary wording appears joined to replacement wording in the supplied print.

A government self-insurance pool must provide a report to legislative management. The rule covers a government self-insurance pool organized under chapter 26.1-23.1. The report must cover pool activities, claims activity, payment history, balances, complaint history, and executive staff and board compensation. The report is due by September 30 of every even-numbered year.