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Minnesota Legislature

Office of the Revisor of Statutes

Key: (1) language to be deleted (2) new language

                             CHAPTER 12-H.F.No. 320 
                  An act relating to insurance; authorizing licensed 
                  property-casualty insurance agents to assist in the 
                  procurement of surplus lines insurance without a 
                  surplus lines insurance license; amending Minnesota 
                  Statutes 2000, section 60A.198, subdivision 1. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  Minnesota Statutes 2000, section 60A.198, 
        subdivision 1, is amended to read: 
           Subdivision 1.  [LICENSE REQUIRED.] A person, as defined in 
        section 60A.02, subdivision 7, shall not act in any other manner 
        as an agent or broker in the transaction of surplus lines 
        insurance unless licensed under sections 60A.195 to 60A.209.  A 
        surplus lines license is not required for a licensed resident 
        agent who assists in the procurement of surplus lines insurance 
        with a surplus lines licensee pursuant to sections 60A.195 to 
        60A.209. 
           Sec. 2.  [EFFECTIVE DATE.] 
           Section 1 is effective the day following final enactment. 
           Presented to the governor March 27, 2001 
           Signed by the governor March 29, 2001, 3:05 p.m.