North Dakota Insurance License
Licensing requirements for North Dakota insurance professionals and companies.
This page provides an overview of insurance licensing in North Dakota for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in North Dakota must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
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- North Dakota Financial Services Company Licenses
- North Dakota Individual Financial Services Licenses
Company Licenses
North Dakota Financial Services Company Licenses
North Dakota Collection Agency Branch License
| Agency: | North Dakota Department of Financial Institutions |
Initial Registration
| Filing Method: | |
| Agency Fee: | $50 |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $50 |
| Due: | Annually by December 31. |
Amendment
| Filing Method: | |
| Agency Fee: | $0 |
| Notes: | Changes to a branch office address can be reported online. |
North Dakota Collection Agency License
| Agency: | North Dakota Department of Financial Institutions |
| Bond Requirements: | $20,000 electronic surety bond. |
Initial Registration
| Filing Method: | |
| Agency Fee: | $400 license fee + $400 application fee. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $400 |
| Due: | Annually by December 31. |
Amendment
| Filing Method: | |
| Agency Fee: | $0 |
| Notes: | Changes to an agency's name, qualifying individual, or address may be reported online. |
North Dakota Insurance Agency License
| Agency: | North Dakota Insurance Department |
Initial Registration
This section applies to insurance firms that are applying for a license in North Dakota for the first time.
| Agency: | North Dakota Insurance Department |
| Form: | |
| Agency Fee: | $100 for most |
Registration Renewal
This section applies to insurance firms that are already licensed in North Dakota and need to renew their license.
| Agency: | North Dakota Insurance Department |
| Form: | |
| Agency Fee: | $100 for most |
| Due: | Varies by type |
| Notes: | When issued, North Dakota resident business entity insurance producer licenses are perpetual without any renewal or continuation as long as the entity has at least one Designated Responsible Licensed Producer (DRLP) who holds an active North Dakota insurance producer license for the lines of authority on the business entity license, and notifies the North Dakota Insurance Department of any address change within 30 days in accordance with N.D.C.C. § 26.1-26-33. When issued, North Dakota non-resident business entity insurance producer licenses are perpetual without any renewal or continuation as long as the entity:
|
Renewal Not Required
Not required
North Dakota Insurance Producer License - Non-Resident
| Agency: | North Dakota Insurance Department |
Initial Registration
| Filing Method: | |
| Agency Fee: | $0 |
Renewal Not Required
Not required
When issued, North Dakota non-resident business entity insurance producer licenses are perpetual without any renewal or continuation as long as the entity:
- Has at least one DRLP who holds an active North Dakota insurance producer license for the lines of authority on the business entity license; and
- Maintains its resident insurance producer license (if its home state issues insurance producer licenses to business entities); and
- Notifies the Department of any change of address regarding the business entity within 30 days
North Dakota Insurance Producer License - Resident
| Agency: | North Dakota Insurance Department |
Initial Registration
| Filing Method: | |
| Agency Fee: | $0 |
Renewal Not Required
Not required
When issued, North Dakota resident business entity insurance producer licenses are perpetual without any renewal or continuation as long as the entity has at least one Designated Responsible Licensed Producer (DRLP) who holds an active North Dakota insurance producer license for the lines of authority on the business entity license.
North Dakota Utilization Review Agent Certification
| Type of Review: | Medical Utilization Review |
| Agency: | North Dakota Insurance Department |
| Law: | NDCC § 26.1-26.4 |
Initial Registration
| Form: | Utilization Review Agent Certification and Utilization Review Filing Report |
| Agency Fee: | $0 |
| Notarize: | Required |
| Required Attachments: |
|
Registration Renewal
| Form: | |
| Agency Fee: | $0 |
| Due: | Annually by March 1. |
| Notarize: | Required |
Individual Licenses
North Dakota Individual Financial Services Licenses
North Dakota Insurance Agent License
| Agency: | North Dakota Insurance Department |
Initial Registration
This section applies to insurance agents that are applying for a license in North Dakota for the first time.
| Agency Fee: | $100 for most. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $25 |
| Due: | Biennially by the last day of initial registration month |
Learn about insurance licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
