North DakotaSB 20922025 Regular SessionSenate

AN ACT to amend and reenact subsections 7 and 8 of section 26.1-33.4-02 of the North Dakota Century Code, relating to life settlement producer licenses and reporting requirements.

Sponsored By: Senate Industry and Business

Signed by Governor

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Earlier renewals for some life settlement licensees

North Dakota life settlement licenses follow an April 30 renewal deadline, with payment of the required renewal fee. Licenses issued after January 1 do not need renewal until April 30 of the following calendar year. The law removed the extension for licenses issued May 1–July 31, 2023, making renewal due April 30, 2024, instead of April 30, 2025. Provider license terms match domestic stock life insurance company terms; broker license terms match insurance producer license terms. Renewal fees remain subject to the law’s reasonable-fee limits. Missing the required payment deadline triggers automatic revocation or expiration, depending on the applicable renewal rule.

Sponsors & Cosponsors

Sponsor

  • Senate Industry and Business

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 182 • No: 0

Senate vote • 4/2/2025

Second reading, passed, yeas 46 nays 0

Yes: 46 • No: 0

House vote • 3/25/2025

Second reading, passed as amended, yeas 89 nays 0

Yes: 89 • No: 0

Senate vote • 1/27/2025

Second reading, passed, yeas 47 nays 0

Yes: 47 • No: 0

Actions Timeline

  1. Filed with Secretary Of State 04/08

    4/9/2025House
  2. Signed by Governor 04/07

    4/8/2025Senate
  3. Sent to Governor

    4/4/2025Senate
  4. Signed by President

    4/4/2025Senate
  5. Signed by Speaker

    4/4/2025House
  6. Second reading, passed, yeas 46 nays 0

    4/2/2025Senate
  7. Concurred

    4/2/2025Senate
  8. Returned to Senate (12)

    3/26/2025Senate
  9. Second reading, passed as amended, yeas 89 nays 0

    3/25/2025House
  10. Amendment adopted, placed on calendar

    3/21/2025House
  11. Reported back amended, do pass, amendment placed on calendar 14 0 0

    3/20/2025House
  12. Committee Hearing 10:00

    3/19/2025House
  13. Introduced, first reading, referred Industry, Business and Labor Committee

    2/18/2025House
  14. Received from Senate

    1/28/2025House
  15. Second reading, passed, yeas 47 nays 0

    1/27/2025Senate
  16. Reported back, do pass, place on calendar 5 0 0

    1/24/2025Senate
  17. Committee Hearing 11:15

    1/22/2025Senate
  18. Introduced, first reading, referred Industry and Business Committee

    1/7/2025Senate

Bill Text

  • Adopted by the House Industry, Business and Labor Committee

  • Enrollment

  • INTRODUCED

  • SENATE BILL NO. 2092 with House Amendments

Related Bills

Back to State Legislation