(North Dakota Insurance and Securities image)
(KNOX) – North Dakota Insurance Commissioner Jon Godfread said that the unification of the state’s Insurance and Securities department, a move designed to better safeguard residents from fraud and financial risk, with consumer protection at the forefront.
The merger resulted from the successful passage of Senate Bill 2214 during the 2025 legislative session, which allowed the insurance commissioner to assume the role of securities commissioner. The combined department will provide more efficient and coordinated oversight of two of the most complex and critical sectors of the financial services industry: insurance and securities.
“This is a milestone moment for North Dakota,” said Godfread. “Bringing these two regulatory functions together under one roof allows us to better protect consumers, strengthen our oversight capabilities, and modernize how we serve the people and businesses of our state.”
Previously operating as two separate agencies, the North Dakota Insurance Department and the North Dakota Securities Department shared common goals: consumer protection, market integrity, and education. The merger creates new opportunities for collaboration and responsiveness in an increasingly interconnected financial landscape.
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