Company: NODK
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001174947-25-000304
Chunk: 830

Company: NI Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1C
Chunk 830
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 the remediation measures identified.
We can offer no assurance that these initiatives will ultimately have the intended effects.

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. Except for the identified material weakness above, 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 annual period covered by this report that have materially affected, or are reasonably likely
to materially affect, the Company’s internal control over financial reporting.

Item 9B.Other Information

10b5-1 Trading Plans

During the fourth quarter of
2024, none of our directors or executive officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any
“Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as each term is defined in Item 408(a)
of Regulation S-K).

Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Not applicable.

104 

PART III

  Item 10.
  Directors, Executive Officers and Corporate Governance

We incorporate the response to this Item 10 by
reference to our proxy statement we will file with the SEC on or about April 9, 2025 relating to our Annual Meeting of Shareholders that
we will hold on May 20, 2025 (our “Proxy Statement”).

We have posted a copy of our Code of Ethics and
Business Conduct on the Governance Highlights page of the Corporate Governance section of our website, www.niholdingsinc.com, which you
can access free of charge. Information contained on the website is not incorporated by reference in, or considered part of, this 2024
Annual Report. We intend to disclose on our website any amendments to, or waivers from, our Code of Ethics and Business Conduct that are
required to be disclosed by SEC rules or Nasdaq Listing Rules.

  Item 11.
  Executive Compensation

We incorporate the response to this Item 11 by
reference to our Proxy Statement.

  Item 12.
  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

We incorporate the response to this