2025-03-13T14:21:26-05:00 2024-12-31 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2024-01-01 510186142 North Dakota Insurance Guaranty Association NORT 7012249555 PO Box 2634 Bismarck ND 585022634 William Folendorf Treasurer 7012249555 2025-03-13 1 1 Lisa Chaffee CPA P00193453 7012551091 2025-03-12 2024 2025-03-06 01:10:19Z Jeff Cahill PO Box 2634 Bismarck ND 585022634 235357 0 X https://ndakota.ncigf.org/ X 1976 ND The Association pays insurance claims, adjusting and return premiums for insolvent insurance companies that were licensed and doing business in the state of North Dakota. 8 6 0 6 0 0 0 0 0 344 96096 235013 0 0 96096 235357 0 0 0 0 68000 69000 0 0 0 90890 69631 158890 138631 -62794 96726 6379643 6441447 0 0 6379643 6441447 X None 0 0 The North Dakota Insurance Guaranty Association (the "Association") was created in July 1976 as a nonprofit legal entity under section 26.142.104 of the North Dakota Century Code. The Association performs its functions under a plan of operation established and approved under NDCC 26.142.104 and exercises its powers through a board of directors. The Association consists of member insurers that are authorized to transact property and casualty insurance in the State of North Dakota. All member insurers shall be and remain members of the Association as a condition of the insurers' authority to transact insurance in North Dakota. The Association was established to provide protection to policyholders and claimants of property and casualty insurance policies of insolvent insurer members. The Association pays Insurance claims, adjusting and return premiums for insolvent insurance companies that are licensed and doing business in the state of North Dakota. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 8 6 0 0 0 0 1 1 1 1 0 0 0 0 1 1 0 0 1 0 0 0 X William Folendorf 7012241554 PO Box 2634 Bismarck ND 585022634 William Folendorf Treasurer 10.00 X X 24600 0 0 Rob Hovland Board Chairman 1.00 X X 0 0 0 Kristi Schlosser-Carlson Secretary 1.00 X X 0 0 0 Tony Burbach Board Member 0.10 X 0 0 0 Chris Oen Board Member 0.10 X 0 0 0 Dean Richter Board Member 0.10 X 0 0 0 Amanda Holt Board Member 0.10 X 0 0 0 Jeff Cahill Managing Secretary 5.00 X 44400 0 0 69000 0 0 0 0 0 0 0 Liquidation Refunds 900099 344 344 344 214120 214120 20893 0 20893 20893 20893 235357 344 0 235013 69000 11775 119 974 4174 2260 4058 853 National Membership Fee 45418 138631 13383 50215 60547 64716 45424 6305713 6281092 6379643 6441447 0 0 X 0 0 0 0 6379643 6441447 6379643 6441447 6379643 6441447 X 96726 111546 -146468 X X 0 1 X 1 0 0 X 324819 111546 111546 213273 22084 22084 235357 138631 0 138631 0 138631 Part X, Line 2: The Association is exempt from federal income taxes under section 501(c)(6) of the Internal Revenue Code. Management annually evaluates this and other tax positions and has determined there are no uncertain tax positions that meet the criteria for recognition in the financial statements. The filing status of the Association is subject to examination by federal authorities at their discretion. Part XI, Line 4b - Other Adjustments: Cash to Modified Cash basis adjustment 22,084. Form 990, Part VI, Section A, line 6 The Association consists of member insurers that are authorized to transact property and casualty insurance in the State of North Dakota. All member insurers shall be and remain members of the Association as a condition of the insurers' authority to transact insurance in North Dakota. Form 990, Part VI, Section A, line 7a Board members are selected by member insurers, subject to the approval of the Commissioner of Insurance of the State of North Dakota. Form 990, Part VI, Section A, line 7b Any changes to the Plan of Operation are subject to approval by the Commissioner of Insurance of the State of North Dakota. Form 990, Part VI, Section A, line 8b There are no committees which are able to act on behalf of the board. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is sent to the North Dakota State Insurance Department audit department. A copy is submitted to the Managing Secretary for the board to review at the annual meeting. Form 990, Part VI, Section B, line 15 Each year a contract for compensation is signed. It is presented to the board and approved by the board at the annual meeting. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request through the North Dakota State Insurance Department. Form 990, Part XI, line 9: Cash to Modified Cash Net Position Change -146,468.