Allowed ND INS to follow Producer Licensing Model Law Act (PLMA) with key indicators that are best practices to align with National Insurance Producer Registry (NIPR).
Permitted utilizing electronic means for service of process for both resident and nonresident producers in leu of using certified mail for regulatory correspondence.
Revoked a nonresident producers license after notification that license is past renewal.
Updates the days of notice in which a public adjuster producer is provided notification in which to renew their license, increasing notice time from sixty days to ninety days.
Clarified only proof of surety bond is required for resident/nonresident public adjuster.
Updated public adjuster licenses to maintain consistency with the process and procedures for producer licensing division, including continuing education requirements
Legislative History
On Jan. 7, 2025, bill introduced in Senate; on Jan. 17, 2025, bill passed in Senate.
On Feb. 13, 2025, bill introduced in House; on Mar. 10, 2025, bill passed in House.
On Mar. 14, 2025, bill sent to governor; on Mar. 17, 2025, bill signed by governor.
Effectiveness
Per ND Constitution, upon approval by Governor, bill will be effective Aug. 1, 2025.
