North Dakota Best Interest Rule Passes Key House Committee
January 20, 2021 by John Hilton
A North Dakota bill to establish a best-interest standard in the state passed a key committee today.
The bill introduced by North Dakota Rep. George Keiser and Sen. Jerry Klein was unanimously approved by the House Industry, Business and Labor Committee following a morning public hearing.
North Dakota is the latest state to pursue a best-interest standard based on a model law put forth by the National Association of Insurance Commissioners.