Minnesota § 60K.40 INDIVIDUALS LICENSED IN ANOTHER STATE; EXEMPTION FROM EXAMINATION

Minnesota Statutes

§ 60K.40 — INDIVIDUALS LICENSED IN ANOTHER STATE; EXEMPTION FROM EXAMINATION

Minnesota § 60K.40

PartINSURANCE

Ch. 60KINSURANCE PRODUCERS

This text of Minnesota § 60K.40 (INDIVIDUALS LICENSED IN ANOTHER STATE; EXEMPTION FROM EXAMINATION) 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. § 60K.40 (2026).

Text

Subdivision 1.Availability.
An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state is not required to complete any prelicensing education or examination. This exemption is only available if the person is currently licensed in that state or if the application is received within 90 days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's Producer Database records, maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority 

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Subdivision 1.Availability.
An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state is not required to complete any prelicensing education or examination. This exemption is only available if the person is currently licensed in that state or if the application is received within 90 days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's Producer Database records, maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority requested.

Subd. 2.Required application.
If a person licensed as an insurance producer in another state who moves to this state makes application within 90 days of establishing legal residence to become a resident licensee under section60K.37, no prelicensing education or examination is required of that person to obtain any line of authority previously held in the prior state.