North Dakota governor signs bill allowing insurance commissioner to order restitution
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North Dakota governor signs bill allowing insurance commissioner to order restitution
The North Dakota insurance commissioner can now require insurance companies to pay restitution following the passage of a law recently signed by the governor. HB1088 also gives the commissioner the ability to fine insurance companies up to $10,000 for each violation. “Historically, the department has been successful in negotiating restitution in lieu of all, or a portion of, administrative fines; however, the time has come for us to request fo…
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