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ND House approves changes to insurance fees, sponsors say increases long overdue
Summary
The North Dakota House passed House Bill 11-23 to update insurance-related fees and reorganize fee language in Title 26.1 of the North Dakota Century Code; supporters said many fees had not been adjusted for decades while at least one lawmaker called a producer-fee increase excessive.
The House of Representatives passed House Bill 11-23 on final consideration after committee sponsors said the bill updates long-outdated fees charged by the Insurance Commissioner and clarifies where fees are located in state law.
Supporters said the bill addresses fees that have remained unchanged for 30 to 40 years and will produce new revenue for the state. "Appointment fees will increase from $10 to $25," Representative Meyer, speaking for the bill,…
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