25.8131.02000
Sixty-ninth
Legislative Assembly
of North Dakota
Introduced by
Industry, Business and Labor Committee
(At the request of the Insurance Commissioner)
A BILL for an Act to amend and reenact section 26.1-01-03.3 of the North Dakota Century
Code, relating to penalties for violation of the insurance title; and to provide a penalty.
BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:
SECTION 1. AMENDMENT. Section 26.1-01-03.3 of the North Dakota Century Code is
amended and reenacted as follows:
26.1-01-03.3. Penalty for violation of title.
Unless otherwise provided by law, a person who violates this title is subject, after hearing by
the commissioner, to payment of an administrative monetary penaltyfine of up to ten thousand
dollars for each violation. In addition to or in lieu of a monetary fine, the commissioner may
require restitution in the amount of direct financial loss be made to any person directly harmed
by a violation of this title.
Page No. 1 25.8131.02000
ENGROSSED HOUSE BILL NO. 1088
FIRST ENGROSSMENT
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