On Apr. 17, ND LEG enacted bill to merge insurance, securities dept.
ND LEG enacted SB 2214 to merge North Dakota Securities Department with the Insurance Department; transfer necessary authorities to the insurance commissioner.
Updated entities which commissioner may share information, enter into agreements.
Replaced references to Office of securities commissioner with insurance commissioner.
Commissioner is redefined to mean the insurance commissioner instead of the securities commissioner; the Department is redefined to mean insurance department.
Supervision of State securities department transitions from securities commissioner to insurance commissioner; position of securities commissioner, now in insurance dept.
Responsibilities by securities commissioner are transferred to insurance commissioner, use of an official seal and the employment of necessary staff for administration.
Legislative History
On Jan. 16, 2025, bill introduced into Senate; on Feb. 24, 2025, bill passed Senate.
On Mar. 7, 2025, bill introduced in the House; on Apr. 1, 2025, bill passed the House.
On Apr. 11, 2025, Senate concurred amendments; on Apr. 15, 2025, both signed.
On Apr. 16, 2025, delivered to governor; on Apr. 17, 2025, signed by the governor.
