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Special Funds

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 9,100 public buildings throughout the state. The largest are state universities and the smallest are townships. The Fund's coverage in force is approximately $9.7 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 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.

If you require assistance, please contact us.

ndspecialfunds@nd.gov

North Dakota Insurance Department
Special Funds Division
600 E Boulevard Ave.
Bismarck, ND 58505-0320

(701) 328-9600
(701) 328-9610 Fax
(800) 247-0560 Toll-free
(800) 366-6888 TTY Line


North Dakota Insurance Department
600 E. Boulevard Ave.
Bismarck, ND 58505-0320
Phone 701.328.2440
Toll free 800.247.0560
Fax 701.328.4880

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