Section 65A.41 Agents - Minnesota Statutes

65A.41 AGENTS.

Subdivision 1.Generally.

A person licensed under chapter 60K may submit an application for coverage to the Minnesota FAIR plan and receive a commission from the plan for premiums paid for coverage. However, the licensee is not an agent of the Minnesota FAIR plan for purposes of state law. All checks or similar instruments submitted in payment of plan premiums must be made payable to the Minnesota FAIR plan and not the agent.

Subd. 2.Duty to submit application.

An agent or broker shall not refuse to submit an application for basic property insurance coverage to the Minnesota FAIR plan if licensed to write and actively engaged in writing such insurance.

History:

1969 c 483 s 11; 1986 c 444; 1993 c 248 s 15; 2003 c 40 s 19