Minnesota Session Laws - 1995, Regular Session

                            CHAPTER 152-H.F.No. 751 
                  An act relating to insurance; regulating trade 
                  practices; prohibiting certain insurance agent quotas; 
                  proposing coding for new law in Minnesota Statutes, 
                  chapter 60A. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [60A.178] [LIFE OR HEALTH INSURANCE POLICY 
        QUOTAS.] 
           No insurer, its officers, or managers shall require 
        licensed property and casualty agents to sell a specified number 
        of life or health insurance policies or a specified dollar 
        amount of life and health insurance as a condition of selling 
        property-casualty insurance.  No insurer, its officers, or 
        managers may reduce or restrict an agent's underwriting 
        authority on property-casualty insurance policies based upon the 
        sale of life or health insurance.  The provisions of this 
        section do not apply to agents who are directly employed by the 
        insurer or who write 80 percent or more of their gross annual 
        insurance business for one company or any or all of its 
        subsidiaries. 
           Presented to the governor May 9, 1995 
           Signed by the governor May 10, 1995, 10:15 a.m.