NORTH DAKOTA SENATE VOTES FOR FILE-AND-USE SYSTEM.The North Dakota Senate The North Dakota Senate is the upper house of the North Dakota Legislative Assembly, smaller than the North Dakota House of Representatives. North Dakota is divided into between 40 and 54 legislative districts apportioned by population as determined by the decennial census. has voted to permit all insurance companies in the state to adopt new rates without waiting for regulatory approval. The 33-2 vote sends the measure to the House Commerce Committee. Private-passenger auto insurers in the state already use the file-and-use system, and SB 37 would extend it to all lines. In addition, the bill would deregulate deregulate To reduce or eliminate control. One of the major forces in the financial markets in the 1970s and 1980s was the federal government's decision to deregulate interest rates. rates and forms for commercial policyholders qualifying as exempt under several criteria including having a risk manager and paying more than $100,000 a year in premiums for coverage, including workers compensation. The Property Casualty Insurers Association of America lobbied for the measure. Laura Kotelman, regional manager and counsel for PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). , said it is in line with the plan by Gov. Michael Rounds to bring more insurers back into the state after several left a few years ago. The deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. legislation is patterned on legislation enacted in neighboring Nebraska last year, and insurers hope North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). will take similar action when it convenes next year. |
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