2001 Minnesota Statutes

     60K.09 Unfit person not to be employed by insurer. 

    No insurer, its officers, agents, or managers shall 
 knowingly make application to the commissioner for appointment 
 of a person as its agent where that person is known to the 
 insurer, its officers, agents, or managers making the 
 application, to be unfit or disqualified to be licensed as an 
 insurance agent, and immediately upon the discovery by the 
 insurer, its officers, agents, or managers having supervision of 
 the agent, of the unfitness or disqualification, the insurer, or 
 the officers agents, or managers shall forthwith inform the 
 commissioner in writing of their decision to terminate their 
 appointment of this agent; nor shall any insurer retain in its 
 employ any agent known by it to be disqualified or unfit to be 
 licensed as an insurance agent. 

    HIST: 1992 c 564 art 3 s 11 

*   NOTE:  This section is repealed by Laws 2001, chapter 117, article 
*1, section 28, effective July 1, 2002.  Laws 2001, chapter 117, article 
*1, section 29.