North Dakota Insurance Department

What North Dakota Insurance Department does

The North Dakota Insurance & Securities Department is a state government regulatory agency headquartered in Bismarck, North Dakota, founded in 1889/1890 and operating with approximately 22 employees under Insurance Commissioner Jon Godfread. The department holds exclusive statutory jurisdiction over the insurance and securities industries within North Dakota, regulating insurance producers (resident, non-resident, and business entities), insurance companies (admitted insurers, surplus lines carriers, reinsurers, third-party administrators), broker-dealers, and investment advisers. It also administers the State Fire Marshal program, overseeing fire prevention, investigations, inspections, and licensing statewide.

The department's core operational stack consists of government regulatory information systems, including online licensing portals integrated with the National Insurance Producer Registry (NIPR), an in-house Surplus Lines reporting application, and an Insurance Company Abstract Search tool, supplemented by NAIC systems (State Based Systems, OPTins for premium tax filing). The product surface spans producer licensing services (across multiple lines of authority including title, surplus lines, third-party administrator, and public adjuster), company licensing, securities registration and enforcement, consumer insurance resources (auto, health, Medicare, flood, homeowners, long-term care), Medicare navigation, and market conduct examinations. Recent regulatory product launches include the December 2025 adoption of the NASAA Model Rule for Investment Advisers to Private Funds and the August 2025 implementation of SB 2374, which reformed surplus lines placement requirements.

The department's revenue model is fundamentally that of a state agency rather than a commercial enterprise. Funding derives from state appropriations and regulatory fees, including licensing fees ($100 per producer license, $100 per surplus lines license, $50 per third-party administrator renewal), surplus lines premium taxes at a 1.75% rate (filed annually by March 1), and regulatory penalties such as $25/day for late surplus lines filings. The department does not pursue traditional go-to-market expansion; instead, it distributes services directly to constituents through its insurance.nd.gov portal, GovDelivery email updates, public hearings, and inter-agency coordination with the Secretary of State and multi-state enforcement coalitions.

Name

North Dakota Insurance Department

Legal name

North Dakota Insurance & Securities Department

Website

https://insurance.nd.gov

Company type

Public

Founded year

1890

Operating status

Operating

Headcount range

11–50 employees

Short description

The North Dakota Insurance & Securities Department is a state government regulatory agency in Bismarck, North Dakota, with ~22 employees that regulates insurance producers, insurers, and securities firms operating in the state, while also administering consumer protection, licensing, and State Fire Marshal services.

Ownership category

akta.pro rank

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Regulatory Licensing Fees: The department generates revenue through licensing fees from insurance producers, third-party administrators, surplus lines producers, and other regulated entities. Fees include $100 for producer licenses, $100 for surplus lines licenses, and $50 for third-party administrator renewals.
2. Premium Taxes: Surplus lines insurance producers pay premium taxes (1.75% tax rate) on policies written in North Dakota, with annual tax statements and payments due March 1st.
3. Regulatory Fines and Penalties: The department assesses penalties for non-compliance, including $25 per day for late filing of surplus lines annual statements and placement reports.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

The North Dakota Insurance Department is a state government regulatory agency that regulates insurance and securities industries in North Dakota. It provides licensing services for insurance producers and companies, offers consumer protection resources, and enforces state insurance and securities laws. The department also provides Fire Marshal services within its jurisdiction.

Product overview

The North Dakota Insurance & Securities Department is a state government regulatory agency providing a comprehensive suite of regulatory and consumer services. The core offering includes producer licensing (individual and business entity licenses across multiple lines including title, surplus lines, and third party administrators), company licensing for insurers, securities regulation, and Fire Marshal services. The department also offers consumer resources for various insurance types (auto, health, Medicare, flood, homeowners, long-term care) and regulatory tools including insurance company abstract search and market conduct examination information. Services are accessible through both online portals (NIPR, NAIC systems, department's own surplus lines application) and traditional paper filing processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Producer and Company Licensing State-issued licensure for insurance producers (agents/brokers) and insurance companies seeking to operate in North Dakota, including application processing, renewals, and regulatory filings.
• Securities Industry Regulation Regulatory oversight of securities offerings, broker-dealers, and investment advisers operating in North Dakota, including registration and enforcement of state securities laws.
• Consumer Protection Services Consumer-facing complaint intake, dispute assistance, and educational resources for North Dakota residents regarding insurance and securities matters.
• Fire Marshal Services Public-safety fire marshal functions administered by the department within the state of North Dakota.

Quantifiable outcome

• $140,000 secured from multi-state enforcement settlements in 2026

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Four partnerships are on record, tiered core.

• National Insurance Producer Registry (NIPR)coreTechnology or IntegrationNIPR provides the electronic application system used by the department for processing producer licenses, third-party administrator licenses, and renewals. Applicants submit applications through NIPR's platform which integrates with the department's licensing workflow.
• National Association of Insurance Commissioners (NAIC)coreTechnology or IntegrationNAIC provides the State Based Systems (SBS) lookup search for verifying surplus lines insurer registrations and company information. The department also uses NAIC's OPTins system for premium tax filings and the Quarterly Listing of Alien Insurers for eligible surplus lines insurers.
• North Dakota Secretary of StatecoreStrategic or Co-development PartnerBusiness entities seeking insurance producer licenses must also contact the Secretary of State to ensure compliance with North Dakota corporate law. The departments coordinate on corporate registration and licensing requirements.
• Multi-State Enforcement CoalitioncoreStrategic or Co-development PartnerThe department participates in multi-state enforcement actions to protect consumers from unfair or unreasonable financial actions. In 2026, the department secured $140,000 from settlements as part of these collaborative efforts.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• New York State Department of Financial Services: Combined insurance and banking regulator that, like the North Dakota department, oversees both insurance and securities/broker-dealer activity, but at vastly greater scale and with national influence.
• Texas Department of Insurance: Major state insurance regulator with the same mandate as ND — producer and company licensing, market regulation, consumer assistance — but operating at substantially larger scale and with a broader regulatory apparatus.
• California Department of Insurance: Largest U.S. state insurance regulator by staff and budget, performing the same core functions (licensing, market conduct, consumer protection) but at significantly greater scale and with broader enforcement reach.
• Florida Office of Insurance Regulation: Large state insurance regulator performing the same licensing, company oversight, and consumer-protection functions, particularly active in property and surplus lines regulation.

Direct peers

• Iowa Insurance Division: Mid-sized state insurance regulator in the agricultural Upper Midwest with parallel responsibilities for producer licensing, company oversight, fraud investigation, and consumer protection.
• Wyoming Department of Insurance: Small-population state insurance regulator with comparable scope — licensing, market conduct, consumer assistance — and similar reliance on NAIC and NIPR systems.
• South Dakota Division of Insurance: Neighboring Plains-state insurance regulator with a similarly small-staff, state-department structure responsible for licensing producers and companies, regulating insurance markets, and protecting consumers in South Dakota.
• Montana State Auditor's Office (Insurance Division): Plains-state insurance regulator operating under an elected state official, performing the same producer/company licensing, surplus lines oversight, and consumer protection functions as the North Dakota department.
• Minnesota Department of Commerce (Insurance Division): Adjacent Upper-Midwest regulator that licenses insurance producers and companies, conducts market conduct examinations, and handles consumer complaints in Minnesota, sharing the same state-regulator role and NIPR/NAIC infrastructure.

Others

• National Association of Insurance Commissioners (NAIC): National body that sets model regulations, coordinates multi-state enforcement, and operates the SBS and OPTins platforms used by the North Dakota Insurance Department — not a direct peer but a critical upstream infrastructure and coordination partner.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/ndid

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North Dakota Insurance Department