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SB 2092 North Dakota Senate · 69th Legislative Assembly (2025-26)

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.

The provided context does not include the specific provisions, amendments, or changes made by SB 2092. The bill's title and abstract only state it amends reporting requirements for life settlement producer licenses in North Dakota, but they do not describe what the amendments are, who is affected, or the concrete policy changes. Without additional details from the bill text or summary, a factual summary of its mechanisms or impact cannot be created. More information would be needed to fulfill this request accurately.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Apr 2025
House Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Jan 7, 2025 Signed Apr 8, 2025
Maddy AI version diff · 1 comparison

What changed between versions

INTRODUCED → Enrollment · 4 edits
MODERATE
This bill amends North Dakota Century Code sections governing life settlement producer licenses to clarify renewal deadlines, fee structures, and license terms. It establishes that licenses issued between May 1, 2023, and July 31, 2023, are not due for renewal until April 30, 2025, and sets a one-year renewal deadline of April 30th for all periodic licenses. The changes ensure consistency between provider and broker license terms with insurance company and producer license terms respectively.
Scope change
The bill applies to life settlement producers and brokers in North Dakota, aligning their license terms with domestic stock life insurance companies and insurance producers.
TIMELINE

Renewal deadlines standardized to April 30th annually, with specific grandfather provisions for licenses issued between May 1, 2023, and July 31, 2023, which are not due for renewal until April 30, 2025.

REQUIREMENT

Clarified that failure to pay renewal fees results in automatic revocation of periodic renewal licenses, with explicit expiration consequences for late payment.

ELIGIBILITY

License terms now explicitly match those of domestic stock life insurance companies for providers and insurance producer licenses for brokers.

TECHNICAL

Added certification language and signature blocks for Senate, House, Secretary of Senate, Chief Clerk, and Governor approval processes.

Floor votes · Senate Jan 27, 2025 · House Mar 25, 2025

How they voted

47–0
Passed
Total votes 47
Jan 27, 2025
D Democratic5
5 Yea
100% Yea
R Republican42
42 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
18
Key actions
10
Committee
4
Apr 9, 2025
Introduced
Filed with Secretary Of State 04/08
legislature
Apr 8, 2025
Signed into law
Signed by Governor 04/07
upper
Apr 2, 2025
Upper · Passed
Second reading, passed, yeas 46 nays 0
upper
Apr 2, 2025
Upper · Passed
Concurred
upper
Mar 25, 2025
Lower · Passed
Second reading, passed as amended, yeas 89 nays 0
lower
Mar 21, 2025
Lower · Passed
Amendment adopted, placed on calendar
lower
Mar 20, 2025
Lower · Passed
Reported back amended, do pass, amendment placed on calendar 14 0 0
lower
Mar 19, 2025
Lower · Passed
Committee Hearing 10:00
lower
Feb 18, 2025
Introduced
Introduced, first reading, referred Industry, Business and Labor Committee
lower
Jan 27, 2025
Upper · Passed
Second reading, passed, yeas 47 nays 0
upper
Jan 24, 2025
Upper · Passed
Reported back, do pass, place on calendar 5 0 0
upper
Jan 22, 2025
Upper · Passed
Committee Hearing 11:15
upper
Jan 7, 2025
Introduced
Introduced, first reading, referred Industry and Business Committee
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.