Welcome to the North Dakota Insurance & Securities Department
It is the Department's mission to protect North Dakotans by upholding the promises made through insurance and investment markets, and fostering a fair, transparent, and resilient financial landscape that evolves to meet the needs of our citizens and industries. The Department serves North Dakotans by assisting consumers, investors, and businesses with navigating insurance and investment products, investigating insurance fraud, and regulating the insurance and securities industries in the State.
For over 130 years, the Department has strived to protect consumers and investors, and the promises made to North Dakotans, while promoting a competitive financial services market. If you have any questions or need assistance, please don't hesitate to contact us, and we will be happy to help.
The North Dakota Insurance Department oversees the insurance marketplace that exists within the state of North Dakota. Established in 1889, the department serves the public by providing education, regulation, and enforcement of insurance laws and policies. North Dakota is part of the U.S. insurance regulatory framework that is designed to promote fairness and protect consumers in the complexity of the U.S. insurance marketplace. As a member of the National Association of Insurance Commissioners (NAIC), North Dakota joins a coalition of state regulatory agencies to help establish standards and best practices, coordinate regulatory oversight, and conduct peer reviews.
The department consists of seven divisions that include assisting consumers in navigating the marketplace, investigating insurance fraud, fire safety and monitoring the financial strength of insurance companies operating in North Dakota. Over 30 full-time team members, led by the Insurance Commissioner, work to execute the mission and goals of the department and uphold the laws governing insurance.
Safeguarding the promises made to North Dakotans and fostering a fair and thriving marketplace to meet the needs of our consumers and evolving insurance industry.
Safeguarding Promises. Fostering Fairness.
Our department is made up of dedicated public servants with expertise in insurance, investments, and consumer protection. Whether your auto claim was denied, a medical procedure wasn’t covered, or something doesn’t seem right with an investment, no question is a bad question.
Our team assists consumers with insurance concerns and securities-related issues, including understanding policies, coverage, and investment products. If you believe you were treated unfairly by an insurance company or suspect misleading or fraudulent investment activity, we can help guide you through your options.
We also assist Medicare beneficiaries through the State Health Insurance Program (SHIP), offering unbiased, confidential help with understanding coverage options, enrolling in plans, comparing benefits, and submitting appeals. In addition, Prescription Connection helps eligible North Dakotans access prescription medications that might otherwise be unaffordable.
The North Dakota Insurance & Securities Department regulates the securities industry to help protect investors and promote fair, transparent financial markets. This includes oversight of investment advisers, broker-dealers, securities offerings, and investment professionals operating in North Dakota.
We also provide investor education and assistance to help individuals understand investment products, recognize warning signs of fraud, and make informed financial decisions. Whether you have questions about an investment, concerns about a sales practice, or suspect an investment scam, our team is here to help guide you through your options.
If you believe you may have been misled, pressured, or defrauded in connection with an investment, the Department can receive complaints, review concerns, and take appropriate action to protect North Dakota investors.
Insurance and investment fraud are serious crimes that harm consumers and drive up costs for everyone. The Department receives tips and complaints related to insurance fraud, investment fraud, and financial scams, and investigates alleged wrongdoing to determine whether violations have occurred.
Our Fraud Investigation team investigates reports, works with law enforcement and prosecutors, and may recommend or pursue charges when appropriate. The public is encouraged to report suspected fraud or scams affecting North Dakotans. You can do so by clicking here.
Before individuals or companies can sell insurance products or securities in North Dakota, they must be properly licensed through the Department. Applicants are reviewed to ensure they meet education, examination, and regulatory requirements before being authorized to operate in the state.
Licensing helps protect consumers by ensuring agents, brokers, and firms meet professional standards and comply with state and federal laws.
It's common knowledge that companies need to have enough money in order to stay afloat. The Department monitors the financial condition of insurance companies and registered firms to ensure they can meet obligations and protect consumers.
We also conduct market conduct examinations to evaluate how companies and licensed professionals interact with consumers. These reviews assess complaint handling, claims processing, sales practices, disclosures, and compliance with state and federal laws to ensure fair treatment across the marketplace.
Insurance rates and policy benefits offered to North Dakotans are reviewed by the Department to ensure they comply with laws, are actuarially sound, and reflect what is being promised to consumers.
In the securities space, the Department oversees registration, disclosures, and compliance to help protect investors from misleading practices and to promote transparency and fairness in investment offerings.