Company: NODK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001174947-25-001356
Chunk: 431

Company: NI Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 431
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December 31, 2024. See Part I, Item 1, Note 19 “Discontinued Operations” of this Form 10-Q for additional information.

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Item 3. - Quantitative and Qualitative Disclosures
about Market Risk

The Company’s assessment of market risk as of September 30,
2025, indicates there have been no material changes in the quantitative and qualitative disclosures from those in Part II, Item 7A, “Quantitative
and Qualitative Disclosures About Market Risk” in our 2024 Annual Report.

Item 4. - Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Company’s Chief Executive Officer and Chief Financial
Officer have reviewed and evaluated the effectiveness of the Company’s disclosure controls and procedures (as required by Rules
13a-15(b) and 15d-15(b) under the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, the Chief
Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures, as of the end
of the period covered by this report, were designed and functioning effectively to provide reasonable assurance that the information required
to be disclosed in our periodic reports filed under the Exchange Act is recorded, processed, summarized, and reported within the time
periods specified in the rules and forms of the Securities and Exchange Commission (“SEC”), and that such material information
is accumulated and communicated to the Chief Executive Officer and Chief Financial Officer to allow timely decisions regarding required
disclosures. We believe that a control system, no matter how well designed and operated, cannot provide absolute assurance that the objectives
of the control system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud,
if any, within a company have been detected.

Changes in Internal Control over Financial Reporting

In the ordinary course of business, we periodically
review our system of internal control over financial reporting to identify opportunities to improve our controls and increase efficiency,
while ensuring that we maintain an effective internal control environment. There have not been any changes in the Company’s internal
control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter
to which this report relates that have materially affected, or are reasonably likely to materially affect, the Company’s internal
control over financial reporting.

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Part
II. -
OTHER INFORMATION