BISMARCK, N.D. – Insurance Commissioner Jon Godfread today announced that as of Dec. 8, 2017, veterans who have taken or plan to take any of the nine North Dakota insurance producer exams after June 1, 2017, qualify to be reimbursed for their exam fee through a partnership between the North Dakota Insurance Department and the Veterans Educational Assistance Program (VEAP), a program of the U.S. Department of Veterans Affairs (VA). Individuals wishing to sell insurance products in North Dakota must take the exam under their particular line of insurance to be licensed.
“I am grateful to the Veterans Educational Assistance Program for this opportunity and to the Department staff who pursued this partnership,” Godfread said. “This collaboration is just one way that we can express our gratitude to veterans for their service and help them to provide another great service to North Dakota consumers.”
Producer Licensing Division Director Kelvin Zimmer has been working to secure the partnership with VEAP since March 2017. The approval process included a review of North Dakota insurance exams. The nine exams approved to be reimbursed are:
- Accident and Health
- Bail Bonds
- Casualty
- Consumer Credit
- Crop Hail Insurance
- Legal Expense Insurance
- Life and Annuity
- Personal Lines
- Property
To date, the Department has assisted six veterans with requesting reimbursement for their exams. All North Dakota resident producers who took North Dakota insurance exams June 1-Dec.14, 2017, were notified by email that they may be eligible to have their exam fees reimbursed and to contact the Department for further information. Moving forward, emails to resident producers will include a notification for veterans to contact the Department for information on how to start the exam fee reimbursement process.
"I am proud of the collaboration between the Department and the Veterans Educational Assistance Program that will now allow us to offer this benefit to the men and women who have served this great country,” Zimmer said. “This is just one small token of our appreciation that we can offer to say thank you.”