State statute · Minnesota
Insurance producer licensing
Minn. Stat. s. 60K.31 et seq.
Edition and licensing notes
Status. Minnesota Statutes, public domain.
What this document is
Minn. Stat. s. 60K.31 et seq.: Insurance producer licensing is a state statute published by Minnesota Office of the Revisor of Statutes. It is one of the Minnesota documents that insurance license exam questions are written from, including minnesota life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Minn. Stat. § 60K.31, subd. 11 (Limited lines producer)
“"Limited lines producer" means a person authorized by the commissioner to sell, solicit, or negotiate limited lines insurance.”
- Minn. Stat. § 60K.31, subd. 6 (Insurance producer)
“"Insurance producer" means a person required to be licensed under the laws of this state to sell, solicit, or negotiate insurance.”
- Minn. Stat. § 60K.31, subd. 4 (Home State Defined)
“"Home state" means the District of Columbia and any state or territory of the United States in which an insurance producer maintains the producer's principal place of residence or principal place of business and is licensed to act as an insurance producer.”
- Minn. Stat. § 60K.31, subd. 7 (License Defined)
“"License" means a document issued by the commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. The license itself does not create any authority, actual, apparent, or inherent, in the holder to represent or commit an insurance carrier.”
- Minn. Stat. § 60K.31, subd. 15 (Solicit Defined)
“"Solicit" means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company.”
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More Minnesota sources
- Minn. Stat. s. 72A.20: Methods, acts, and practices which are unfair or deceptiveState statute
- Minn. Stat. s. 60K.43: Producer license denial, suspension, revocation, or refusalState statute
- Minn. Stat. ss. 61A.03 et seq.: Life insurance policy provisionsState statute
- Minn. Stat. s. 62A.04: Accident and health policy required and optional provisionsState statute
- Minnesota Statutes Chapter 176 - Workers' Compensation (the Minnesota Workers' Compensation Act: coverage, benefits, procedure, rehabilitation, insurance)State statute
- Minnesota Statutes Chapter 45 - Department of Commerce (the commissioner's powers, enforcement, licensing administration and the 45.027 enforcement section)State statute
- Minnesota Statutes Chapter 60A - Insurance in General, first third (Secs. 60A.01 through 60A.11)State statute
- Minnesota Statutes Chapter 60A, second third (Secs. 60A.112 through 60A.53)State statute