A bill to modernize North Dakota’s rate and rate filing standards “will be of great benefit to North Dakota insurance markets” and “would send a strong message to Congress that states can improve and modernize the state system of insurance regulation,” according to testimony by the National Association of Mutual Insurance Cos.
HB 1329 calls for the elimination of prior regulatory approval of rate and rate filing standards for fire, property, casualty and commercial lines of insurance.
Was this article valuable?
Here are more articles you may enjoy.
US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair 
Supreme Court Overturns Chevron Rule in Blow to Regulators 
Guidance and Insurance Implications for the CDK Global Cyberattack 
Zurich to Buy AIG’s Travel Insurance Business for $600 Million From This Issue
