(a) Prelicense education must consist of 20 hours of education per line of authority.
(b) The course must include an introduction to insurance and insurance-related concepts covering all of the major lines of authority except variable life and variable annuities. The course must consist of the following:
(1) rules, regulations, and law;
(2) basic fundamentals of insurance;
(3) property:
(i) types of policies;
(ii) policy provisions;
(iii) perils, exclusions, deductibles, and liability; and
(iv) evaluating needs;
(4) casualty:
(i) types of policies;
(ii) policy provisions;
(iii) perils, exclusions, deductibles, and liability; and
(iv) evaluating needs;
(5) life:
(i) types of policies;
(ii) policy provisions; and
(iii) group insurance; and
(6) accident and health:
(i) types of policies;
(ii) policy provisions; and
(iii) group insurance.
(c) Courses that cover a specific major line of authority must include the following:
(1) life:
(i) types of life insurance policies; and
(ii) Minnesota laws, rules, and regulations pertinent to life insurance;
(2) accident and health:
(i) types of health insurance policies; and
(ii) Minnesota laws, rules, and regulations pertinent to accident and health insurance;
(3) property:
(i) personal lines;
(ii) commercial lines; and
(iii) Minnesota laws, rules, and regulations pertinent to property insurance;
(4) casualty:
(i) personal lines;
(ii) commercial lines; and
(iii) Minnesota laws, rules, and regulations pertinent to casualty insurance; and
(5) personal lines:
(i) types of property/casualty personal lines insurance policies; and
(ii) Minnesota laws, rules, and regulations pertinent to property/casualty personal lines insurance.
2009 c 63 s 28,78; 2010 c 384 s 13
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 60K — Insurance Producers
Section 60K.30 — Purpose And Scope.
Section 60K.32 — License Required.
Section 60K.33 — Criminal Penalty.
Section 60K.34 — Exceptions To Licensing.
Section 60K.35 — Fraternal Benefit Society Representatives.
Section 60K.36 — Examinations.
Section 60K.361 — Insurance Education.
Section 60K.365 — Producer Training Requirements For Long-term Care Insurance Products.
Section 60K.366 — Producer Training Requirements For Flood Insurance Products.
Section 60K.37 — Application For License.
Section 60K.381 — Sale Of Portable Electronics Insurance.
Section 60K.383 — Travel Insurance.
Section 60K.39 — Nonresident Licensing.
Section 60K.40 — Individuals Licensed In Another State; Exemption From Examination.
Section 60K.41 — Assumed Names.
Section 60K.42 — Temporary Licensing.
Section 60K.43 — License Denial, Nonrenewal, Or Revocation.
Section 60K.44 — Tax Clearance Certificate.
Section 60K.45 — Surrender Of License.
Section 60K.46 — Required And Prohibited Acts.
Section 60K.47 — Liability For Placing Insurance In Unauthorized Company.
Section 60K.49 — Appointments.
Section 60K.50 — Limitation On Appointments.
Section 60K.51 — Notification To Commissioner Of Termination.
Section 60K.52 — Use And Sharing Of Licensing And Investigative Data.
Section 60K.54 — Reporting Of Actions.