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Bill to transfer fire and tornado fund administration to OMB draws neutral support; counties and fund manager urge careful drafting on coverage exclusions
Summary
House Bill 10‑27 would transfer administration of the state fire and tornado fund from the Insurance Department to the Office of Management and Budget (OMB) and require a legislative study; witnesses said they are neutral or supportive but urged safeguards to keep the North Dakota Insurance Reserve Fund (NDRF) administering day‑to‑day operations.
Senators heard neutral testimony on House Bill 10‑27, a bill that would transfer administration of the state fire and tornado fund to the Office of Management and Budget (OMB) and require a legislative management study. Department and vendor witnesses said they support the transfer in principle so long as day‑to‑day administration by the North Dakota Insurance Reserve Fund (NDRF) continues uninterrupted.
John Arnold, deputy insurance commissioner, told the committee the department supports transferring the fund to OMB and said the change would remove a potential conflict from the department’s dual role as regulator and administrator. "Removing that completely, transferring these funds over to the office of management budget, allowing them to have that contractual relationship with a vendor to administer the funds,…
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