Subdivision 1. Nonresident license waiver. The commissioner shall waive any requirements for a nonresident license applicant with a valid license from the applicant's home state, except the requirements imposed by section 60K.39, if the applicant's home state awards nonresident licenses to residents of this state on the same basis.
Subd. 2. Continuing education requirements. A nonresident producer's satisfaction of that person's home state's continuing education requirements for licensed insurance producers constitutes satisfaction of this state's continuing education requirements if the nonresident producer's home state recognizes the satisfaction of its continuing education requirements imposed upon producers from this state on the same basis.
2001 c 117 art 1 s 24
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.