All Roll Calls
Yes: 182 • No: 0
North DakotaSB 20922025 Regular SessionSenateWALLET
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
Became Law
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Missed renewal payment ends life settlement license
If you do not pay the renewal fee by April 30, your license ends automatically. It may be revoked or expire, and you cannot legally do life settlement business.
Renewal dates and fee cap for life settlement licenses
Life settlement providers and brokers must renew each year by April 30 and pay the renewal fee. The provider renewal fee is capped at a reasonable amount set in law. Licenses issued after January 1 first renew on April 30 of the next year. Licenses issued between May 1 and July 31 of 2023 or 2024 first renew on April 30, 2025 or 2026. Provider license terms match domestic stock life insurers; broker terms match insurance producer licenses.
Sponsors & Cosponsors
Sponsor
Senate Industry and Business
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
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
Filed with Secretary Of State 04/08
4/9/2025HouseSigned by Governor 04/07
4/8/2025SenateSent to Governor
4/4/2025SenateSigned by President
4/4/2025SenateSigned by Speaker
4/4/2025HouseSecond reading, passed, yeas 46 nays 0
4/2/2025SenateConcurred
4/2/2025SenateReturned to Senate (12)
3/26/2025SenateSecond reading, passed as amended, yeas 89 nays 0
3/25/2025HouseAmendment adopted, placed on calendar
3/21/2025HouseReported back amended, do pass, amendment placed on calendar 14 0 0
3/20/2025HouseCommittee Hearing 10:00
3/19/2025HouseIntroduced, first reading, referred Industry, Business and Labor Committee
2/18/2025HouseReceived from Senate
1/28/2025HouseSecond reading, passed, yeas 47 nays 0
1/27/2025SenateReported back, do pass, place on calendar 5 0 0
1/24/2025SenateCommittee Hearing 11:15
1/22/2025SenateIntroduced, 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
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