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| Home : Producers/agents : Designated responsible producers for business entities |
Designated responsible producers for business entities
Every business entity must designate at least one principal insurance producer responsible for the business entity's compliance with the insurance laws, rules and regulations in this state. The individual is not required to be an officer or director of the business entity; however, he/she must be licensed as an insurance producer in North Dakota.
More than one producer may be designated. Every designated responsible producer does not need to have all of the lines of authority that are on the business entity license; however, the business entity cannot hold a line of authority unless at least one of its designated responsible individuals has the line on their North Dakota license.
Notice of change: Every business entity must notify the department in writing of any change in their designated responsible producers. There is no form or fee to make changes. The notice should be in writing and should contain the business entity name and FEIN and the name and National Producer Number of the producer being added or removed. The notice can be faxed, mailed or emailed to the Department.
Please note: North Dakota law does not require business entities to notify our Department of every individual employed or affiliated with the agency.
ndlicensing@nd.gov
State Capitol, fifth floor
Dept. 401
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
701.328.3548
701.328.4880 fax
800.247.0560 toll free
800.366.6888 TTY line
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