Title 26.1 — Insurance

For purposes of this chapter, unless the context otherwise requires: 1. "Association" means the reinsurance association of North Dakota. 2. "Board" means the board of directors of the reinsurance association of North Dakota. 3. "Earned group health benefit plan premiums" means pr…

1. The commissioner may develop a proposal for an innovation waiver under section 1332 of the federal Patient Protection and Affordable Care Act [Pub. L. 111-148; 119 Stat. 124; 42 U.S.C. 1801 et seq.]. 2. On behalf of the state, in accordance with the proposal developed under su…

1. The reinsurance association of North Dakota is established as a nonprofit legal entity. As a condition of writing health insurance business in this state, an insurer that has issued or administered a group health benefit plan within the previous twelve months or is actively ma…

1. The association is governed by the board of directors of the reinsurance association of North Dakota. 2. The board consists of the state health officer, one senator appointed by the majority leader of the senate of the legislative assembly, one representative appointed by the …

1. The commissioner shall: a. Perform all functions necessary for the association to carry out the purposes of this chapter; and b. Approve any assessments to the insurers writing or otherwise issuing group health benefit plans. A group health benefit plan issued pursuant to chap…

1. For the purpose of providing the funds necessary to carry out the purposes of the association under this chapter, the commissioner shall assess insurers writing or otherwise issuing group health benefit plans based on the insurer's group health benefit plan premium written in …

The Bank of North Dakota shall extend to the association a line of credit not to exceed twenty-five million dollars. The association shall repay the line of credit from assessments against insurers writing or otherwise issuing group health benefit plans in this state or from othe…

For claims of an insured which total at least one hundred thousand dollars and not more than one million dollars incurred per plan year, a member insurer must be reinsured by the association at an amount not exceeding seventy-five percent of the member insurer's responsibility fo…

For nongrandfathered individual health benefit plans issued or renewed after the November second preceding to the date the association begins operation, a member insurer may seek reimbursement from the association and the association shall reimburse the member insurer pursuant to…

The commissioner may adopt rules for the implementation and administration of this chapter.

The association may use federal funding received under section 1332 of the federal Patient Protection and Affordable Care Act [Pub. L. 111-148; 119 Stat. 124; 42 U.S.C. 1801 et seq.] to procure third-party reinsurance for the association's portion of eligible claims. 26.1-36.7-12…