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Committee approves flexibility for state reinsurance pool that aids individual health market
Summary
Senators gave a due‑pass recommendation to SB 2091, allowing the Reinsurance Association of North Dakota (RAND) board to adjust attachment points and coinsurance within $100,000–$1,000,000 and up to 75% coinsurance; the bill includes an emergency clause to allow rate setting for the 2026 plan year.
The Industry and Business Committee on Tuesday recommended a due pass for Senate Bill 2091, which would give the Reinsurance Association of North Dakota (RAND) board the authority to set, on an annual basis, the attachment point and coinsurance percentage for claims submitted to the reinsurance pool — within statutory floors and ceilings.
Matt Fisher of the Insurance Department explained RAND is a state‑level reinsurance pool…
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