Minnesota § 60K.50 LIMITATION ON APPOINTMENTS

Minnesota Statutes

§ 60K.50 — LIMITATION ON APPOINTMENTS

Minnesota § 60K.50

PartINSURANCE

Ch. 60KINSURANCE PRODUCERS

This text of Minnesota § 60K.50 (LIMITATION ON APPOINTMENTS) 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.50 (2026).

Text

No insurer or representative of an insurer shall knowingly appoint a producer who is known to the insurer or representative to have engaged in any of the activities in section60K.43or to be otherwise unqualified or unfit. Upon discovery by the insurer or a representative of the insurer that an appointed producer has engaged in any of the activities in section60K.43or is otherwise unqualified or unfit, the insurer shall immediately terminate the appointment and notify the commissioner as set forth in section60K.51. No insurer shall employ a producer whose license has been revoked.

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No insurer or representative of an insurer shall knowingly appoint a producer who is known to the insurer or representative to have engaged in any of the activities in section60K.43or to be otherwise unqualified or unfit. Upon discovery by the insurer or a representative of the insurer that an appointed producer has engaged in any of the activities in section60K.43or is otherwise unqualified or unfit, the insurer shall immediately terminate the appointment and notify the commissioner as set forth in section60K.51. No insurer shall employ a producer whose license has been revoked.