Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 10

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 10
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, nor were there any reportable events (e.g., auditor communication about a lack of sufficient internal controls, inability of the auditor to rely on management’s representations, or a need for the auditor to expand the scope of its work significantly). The change in independent auditors was previously disclosed in our Current Report on Form 8 -Kfiled with the SEC on June 5, 2024. A copy of Mazars USA LLP’s related letter, dated June 5, 2024, was included as an exhibit to such Form 8 -Kfiling. Rationale for Selection of Independent Registered Public Accounting Firms In making its selection of Forvis Mazars, LLP as the independent registered public accounting firm to be recommended to the shareholders for ratification for the fiscal year ending December 31, 2025, the Audit Committee considered numerous factors. The following factors were among those considered. Communication.Forvis Mazars, LLP and Mazars USA LLP have maintained good lines of communication with the Audit Committee and management team. The Audit Committee met with representatives of Mazars USA LLP at least eight times a year formally (with an opportunity for an executive session at each meeting), and communications between the lead partner and the Chair of the Audit Committee occurred as needed between meetings. The Audit Committee will follow the same practice with Forvis Mazars, LLP. Staffing and Depth of Talent.Forvis Mazars, LLP staff that have been assigned to the Company appear to have been adequately trained and familiar with the Company’s industry. There has been a reasonable level of staffing continuity. When turnover occurred, Mazars USA LLP generally provided personnel that met our expectations for service delivery, and we expect the same will be true of Forvis Mazars, LLP. Adequate Technical Resources.The accounting for the insurance industry is unique and Forvis Mazars, LLP personnel assigned to the Company appear to understand the technical accounting aspects of the insurance industry. In addition, the audit of an insurance company requires the use of experts, such as actuaries, income tax professionals, investment pricing resources, and business valuation experts, and Forvis Mazars, LLP has demonstrated that it has adequate resources in these areas. 5

Independence.The independent registered public accountant is required to be independent within the standards of various regulatory authorities. Mazars USA LLP maintained its independence throughout its engagement as the Company’s independent registered public accounting firm, and Forvis Mazars, LLP has reaffirmed its independence regularly during the audit process. As shown in the table below, the Company did not use