North Dakota governor signs bill to merge Department of Securities into Department of Insurance
The consolidation will also integrate the Securities Department, which employs ten full-time staff members, into the Insurance Department. North Dakota joins at least 16 other states that have combined oversight of insurance and securities under a single agency. This move follows similar efforts in other states, including South Dakota, which merged its regulatory departments in 2017 with positive outcomes, according to proponents of the North Dakota bill.
