[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6337130,"mediaKeyId","2274450-d1bc4c70e54d9d20262251719a6d3692","parentId",2274450,"title","Panel debates bill to move securities duties to insurance commissioner; no final vote taken","audioSeconds",2556,"startMs",1044000,"endMs",3600000,"viewUrl","/Search/View?dp=1&key=2274450-d1bc4c70e54d9d20262251719a6d3692&start=1044&end=3600","thumbnailUrl","https://assets.pipeline.soar.com/2274450-d1bc4c70e54d9d20262251719a6d3692/thumbnail_1044000.jpg","articleUrl","/articles/6337130/North-Dakota/Panel-debates-bill-to-move-securities-duties-to-insurance-commissioner-no-final-vote-taken","mediaUrl","https://secure.pipeline.soar.com/6337130-e3d724a50b9ae3f3f0af09cf46d3548d/orig.mp4?Expires=1771066907&Signature=kMwnBgF~93xa36N8ohV5IxD8ufk-3Z2DfIgIodr4AG-6qOdm5VTrPswHXZ7FChUOK17FQWEi2EcgnAT27dQvUacsAa8MKJ7OoXjh5Pzt8W2vG3~R6OY9s4ujhn9zKP-ACg00lN-K6hVd8RwxLOfJ~MhMEadh9T9Vb6D5l4lKNMdKLbz1fzr0o0Wl7a8nxY0H3PUAKMk8AM4ghlJtPR1u8RJmARUqKnIeSJjiUH0bXVHELYmPcxC2D3vtUnsdKDifDVR8XOp7KHE8JiLYYK4WGlT0FQTyC5z-ywaq-8U~M7hBkDRUU9tKkIaKDEUfssTXlEO3pyUM2rBNc9Qn6gHV4g__&Key-Pair-Id=KUT5TJCACFTXG","author","North Dakota State Legislature","date","2025-02-12T00:00:00Z","article","Senators on the Senate Industry and Business Committee debated legislation to transfer the duties of the securities commissioner to the state insurance commissioner but took no final action at Wednesday’s meeting.

Chairman Barta introduced Senate Bill 2214 as a proposal that would have the insurance commissioner assume the duties of the securities commissioner. Ross Layton, chief of staff to the governor, told the panel the measure is not part of a specific merger bill currently in the Senate but could fit within broader administration efforts to seek efficiencies across state government. \"It is not a part of the bill that was introduced in the senate to merge the departments, but it would be a part of the greater overall ... idea of merging departments and creating efficiencies across state government,\" Layton said.

John Arnold, deputy insurance commissioner, argued consolidating regulatory authority could yield industry and government efficiencies. \"I would think that from those that we regulate, it would also increase some efficiencies from their, perspective as well,\" Arnold said, noting overlap in regulation of annuities and other wealth-management products.

Opponents on the committee raised concerns about workload, the differences between state insurance regulation and federal regulation in securities and potential loss of institutional expertise. Senator Klein said he would not support the bill and cited the securities department’s performance and the absence of clear cost savings. \"I don't know that we need to rock that boat. Maybe someday, maybe, but not now,\" Klein said. Other senators echoed concerns that combining the offices would not deliver measurable cost savings and could dilute the focus of staff who now specialize in insurance or securities.

The committee recorded two formal motions during discussion. Senator Kessel moved a \"do pass\" recommendation on the bill; that motion failed for lack of a second. Later, Senator Klonick moved a \"do not pass\" recommendation but withdrew the motion before any roll call vote.

Committee members expressed divergent views: Senator Angus said he favored combining the two offices if the merged office had appropriate staff to cover both regulatory areas; Senator Kessel and others warned that the insurance department already is managing a substantial workload and that the proposal could create operational strain.

The committee did not take action to advance or defeat the bill. Members said they would allow additional time for discussion and stakeholder engagement and expected to revisit the proposal at a later meeting.","mediaType","Video","parentTitle","Senate Industry and Business Wednesday, Feb 12, 2025","oneSentenceSummary","Senate Industry and Business Committee members debated a bill to have the insurance commissioner assume the duties of the securities commissioner but did not take final action; a \"do pass\" motion failed for lack of a second and a later \"do not pass\" motion was withdrawn before a vote.","taxTitle","Industry and Business, Senate, Legislative, North Dakota","taxId",28906,"location","North Dakota","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6337135,"Insurance department says omnibus amendments to SB2374 due Monday; two sections likely removed",56,352000,408000,"/Search/View?dp=1&key=2274450-d1bc4c70e54d9d20262251719a6d3692&start=352&end=408","https://assets.pipeline.soar.com/2274450-d1bc4c70e54d9d20262251719a6d3692/thumbnail_352000.jpg","/articles/6337135/North-Dakota/Insurance-department-says-omnibus-amendments-to-SB2374-due-Monday-two-sections-likely-removed","https://secure.pipeline.soar.com/6337135-deccdef92450de68ccaf87aa5aba36bd/orig.mp4?Expires=1771066907&Signature=VyCowE4HB2lbTgFmFOnWv4sVCZzV-B35JHoXoQ85FAOgq5HHH2fVazWwJh8PRHjc5vEgVDPtGfLIjLwJHfgM~plVuzEXz6leUu-Q2vmMCEwutdsyrAaYxLrYh-r1j9UC7cZVrp7RNfSz6MuFXKGLJTp8HGMoJhwbYw~pYJwSalBy-VD6vSvdxK4THp5mzqLt-06q2SZBAUmTEUcnRGOI72tQLGgRN6N~-lATghWuIimW3pigNpQLaulRu-b0D4eIBNx1sgUkTKeHWAcBRbIVdxFmUeL~zJCWxR37hUEL-MpJvMJFg2yI7NIIZJJ6fprykTGJKer617j1peVQ1loSxQ__&Key-Pair-Id=KUT5TJCACFTXG","John Arnold, deputy insurance commissioner, told the Senate Industry and Business Committee that stakeholders have largely submitted feedback on Senate Bill 2374 and that the Department of Insurance aims to file an omnibus amendment by Monday so the committee can act the following Wednesday.

\"We have received feedback from, I believe, all but 1 of the, stakeholder groups,\" Arnold said, and added, \"we are to have an amendment to you by Monday, so we can get this out of committee by next Wednesday.\" The update followed a request from committee leadership for the department to summarize outstanding changes.

Arnold said the department is still reviewing a number of suggested changes and plans either this afternoon or the following morning to consolidate them into a single amendment for committee review. He said two sections introduced in the bill — identified in committee discussion as sections 2 and 3 — are likely to be removed after further investigation with the National Association of Insurance Commissioners (NAIC) because the NAIC accreditation standards make those provisions too difficult to adopt as written.

John Ward, representing the Association of North Dakota Insurers, told the committee that industry stakeholders remain engaged in drafting language and expect to provide suggested text by Monday. Ward said Chris Owen has proposed language for the surplus-lines portion of the bill (referred to in committee discussion as section 10).

Committee members and witnesses discussed several recurring amendment topics: the definition of \"large commercial risk,\" surplus-lines language, rebating provisions and an arbitration clause. Arnold said the department is working with the Professional Insurance Agents (PIA) and with APCA on rebating and other concerns.

This was an informational update; no formal committee action or vote occurred on SB2374 during the meeting. The department and stakeholder groups told the committee they will return Monday with consolidated amendment language and that the goal remains to have the item ready for committee action the following Wednesday.

Next steps: committee staff and the insurance department will circulate the omnibus amendment to members and stakeholders when it is filed on Monday; the committee indicated it expects to take up the amended bill at its next scheduled meeting the following Wednesday.","John Arnold, deputy insurance commissioner, told the Senate Industry and Business Committee that stakeholders have largely submitted feedback on Senate Bill 2374 and that the Department of Insurance aims to file an omnibus amendment by Monday so the committee can act the following Wednesday.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6337125,"Senate amends proposal on age verification to use ID-based system; litigation and industry pushback cited",455,1795000,2250000,"/Search/View?dp=1&key=2274450-d1bc4c70e54d9d20262251719a6d3692&start=1795&end=2250","https://assets.pipeline.soar.com/2274450-d1bc4c70e54d9d20262251719a6d3692/thumbnail_1795000.jpg","/articles/6337125/North-Dakota/Senate-amends-proposal-on-age-verification-to-use-ID-based-system-litigation-and-industry-pushback-cited","https://secure.pipeline.soar.com/6337125-e84885b1f0cb2d52fa81cf8c0a85bb9e/orig.mp4?Expires=1771066907&Signature=lXsJ7FYRRRZ0ZliFoHhVr7P1z8-SET3SjRBwLGHV1GNpYB8aEZuUdtD0rboGEortjasmULz1txzBh~J1GLrhr~DA7FpacXEwnhXJqCudLI5fiqV0jlWu-f5-P0iNJwucgP4pqan0QbkaZVmUQXBKyS7bJGE6Ur4sy~isS6DqWPcCJ~76YnCqOkeyhoICzWawreKMl2pK9rD6jaM8GQXHPeuF2E1LGYWIY95PGjpV9rVjJCnggYzVN0fxDO1j39aJiEizT8cgixGTFc4SyvriYN84S8n1K~j72K0J2JgV6OkJmBwZcErgCwdpW8J6tonoGH1903HQ~zu7ocD315LAUg__&Key-Pair-Id=KUT5TJCACFTXG","Senator Behm presented an amendment to Senate Bill 2380 that replaces device-based age verification language with an ID-based approach requiring a commercial age verification system. He told the Senate Industry and Business Committee the amendment focuses on identity verification rather than device-based methods.

\"If you go on page 5 ... it says require an individual attempting to access the material to comply with a commercial age verification system including the use of government issued identification, a commercially available database regularly used by a business or government entity for the purpose of age, identity, verification, or any commercially reasonable method that relies on public or private transactional data to verify the age of the individual attempting to access the information is 18 years of age or older,\" Behm said while explaining the replacement language.

Behm said the committee previously discussed three verification approaches at the hearing — device-based, app-based and ID-based — and that the ID-based amendment is intended to address the device-based approach’s immaturity. He also cautioned that ID-based schemes are currently the subject of litigation in multiple states.

Committee members urged the bill sponsor to share the amendment text with communications providers and rural telecom cooperatives for feedback; Senator Behm agreed to distribute the language to parties who had testified earlier. Senator Glenn suggested the issue may ultimately require congressional action, saying state-by-state legislation has produced fragmentary results and litigation.

Committee members did not take a final vote on the amendment or the bill. Senators asked staff to circulate the draft amendment to affected industry stakeholders — including communications providers — before the panel next meets.","Senator Behm presented an amendment to replace device-based age verification with an ID-based commercial verification standard for access to certain online material. Supporters said ID-based verification would shift compliance to content-level controls; opponents and communications stakeholders cautioned about litigation risk and implementation.","actionData","errors"]

Article not found

Panel debates bill to move securities duties to insurance commissioner; no final vote taken

Insurance department says omnibus amendments to SB2374 due Monday; two sections likely removed

Senate amends proposal on age verification to use ID-based system; litigation and industry pushback cited