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| Home : About us : Divisions and programs : Special Funds Division |
Special Funds Division
The Special Funds Division administers several state funds on behalf of the Insurance Department. These Funds include:
- The State Fire and Tornado Fund insures buildings and contents belonging to state agencies and political subdivisions. The Fund provides low-cost insurance on over 11,000 public buildings throughout the state. The largest are state universities and the smallest are townships. The Fund's coverage in force is approximately $5 billion, and the annual premium is approximately $3.4 million.
- The State Bonding Fund provides a blanket fidelity bond for state agencies and political subdivisions providing coverage in the event of an employee theft of property or money.
- The Petroleum Tank Release Compensation Fund. The federal government requires all owners of underground petroleum tanks prove their financial ability to clean up petroleum contamination resulting from a leak. This Fund was created to help pay for cleaning up spills.
- The Boiler and Anhydrous Ammonia Facility Inspection Program provides mechanical inspection of boilers and pressure vessels and their components. Inspections are conducted on a recurring basis to safeguard the lives of those exposed to vessels under pressure; to protect persons and property generally; and to place, by reasonable regulation, responsibility for compliance with the owner and users. In addition to statewide inspections, this program also administers the Anhydrous Ammonia Tank Lock program in McKenzie, Williams, Walsh, Pembina and Cavalier counties.
This pilot program requires that all unattended anhydrous nurse tanks are locked with an approved locking device.
This program was approved by the 2003 Legislature and later expanded in during the 2005 Session.
If you have questions regarding this division, please contact:
Jeff Bitz
jbitz@nd.gov
Division Director
1701 S. 12th St.
Bismarck, ND 58504
701.328.9600
701.328.9610 fax
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