Minnesota Statutes
§ 60H.03 — LICENSURE
Minnesota § 60H.03
This text of Minnesota § 60H.03 (LICENSURE) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 60H.03 (2026).
Text
Subdivision 1.Risks located in state.
A managing general agent representing an insurer licensed in this state with respect to risks located in this state must be licensed in this state.
Subd. 2.Risks located outside of state.
A managing general agent representing an insurer domiciled in this state with respect to risks located outside this state must be licensed in this state as a managing general agent. The license may be a nonresident license.
Subd. 3.Requirements.
The commissioner may require a bond in an amount acceptable for the protection of the insurer. The commissioner may require the managing general agent to maintain an errors and omissions policy.
Subd. 4.Term and fees.
The term of a managing general agent license issued under this section and the license fees imposed are th
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Legislative History
1991 c 325 art 4 s 3;2000 c 483 s 5;2000 c 488 art 2 s 2
Nearby Sections
9
§ 60H.01
SHORT TITLE§ 60H.02
DEFINITIONS§ 60H.03
LICENSURE§ 60H.04
REQUIRED CONTRACT PROVISIONS§ 60H.05
DUTIES OF INSURERS§ 60H.06
EXAMINATION AUTHORITY§ 60H.07
ACTS OF MANAGING GENERAL AGENT§ 60H.08
PENALTIES AND LIABILITIES§ 60H.09
RULESCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 60H.03, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/60H/60H.03.