25.8131.02001 Title.03000 Adopted by the Senate Industry and Business Committee Sixty-ninth March 12, 2025 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. 1. 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. 2. In addition to or in lieu of a monetary fine, the commissioner , after a hearing, may require restitution in the amount of direct financial loss be made to any person directly harmed by a violation of this title . The commissioner may not determine or adjudicate whether an obligation is owed under a policy or contract of insurance, or require a person to pay a claim or an amount claimed owed under a policy or contract of insurance. Page No. 1 25.8131.02001 ENGROSSED HOUSE BILL NO. 1088 FIRST ENGROSSMENT PROPOSED AMENDMENTS TO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15