Minnesota § 80A.91 AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE

Minnesota Statutes

§ 80A.91 — AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE

Minnesota § 80A.91

PartSECURITIES

Ch. 80AREGULATION OF SECURITIES

This text of Minnesota § 80A.91 (AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE) 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. § 80A.91 (2026).

Text

A broker-dealer shall not require an agent to maintain insurance coverage for the agent's errors and omissions from a specific insurance company. This section does not apply if the agent is an employee of that broker-dealer, or if the broker-dealer or affiliated insurance company contributes to the premiums for the errors and omissions coverage. Nothing in this section shall prohibit a broker-dealer from requiring an agent to maintain errors and omissions coverage or requiring that the errors and omissions coverage meet certain criteria.

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A broker-dealer shall not require an agent to maintain insurance coverage for the agent's errors and omissions from a specific insurance company. This section does not apply if the agent is an employee of that broker-dealer, or if the broker-dealer or affiliated insurance company contributes to the premiums for the errors and omissions coverage. Nothing in this section shall prohibit a broker-dealer from requiring an agent to maintain errors and omissions coverage or requiring that the errors and omissions coverage meet certain criteria.