2001 Minnesota Statutes

     60K.16 Liability for placing insurance in unauthorized 
  company. 

    Any person, regardless of whether that person is required 
 to be licensed as an insurance agent, who participates in any 
 manner in the sale of any insurance policy or certificate, or 
 any other contract providing benefits, for or on behalf of any 
 company which is required to be, but which is not authorized to 
 engage in the business of insurance in this state, other than 
 pursuant to sections 60A.195 to 60A.209, shall be personally 
 liable for all premiums, whether earned or unearned, paid by the 
 insured, and the premiums may be recovered by the insured.  In 
 addition, that person shall be personally liable for any loss 
 the insured has sustained or may sustain if the loss is one 
 resulting from a risk or hazard covered in the issued policy, 
 certificate, or contract or which would have been covered if the 
 policy, certificate, or contract had been issued to the 
 purchaser of the insurance. 

    HIST: 1992 c 564 art 3 s 18 

*   NOTE:  This section is repealed by Laws 2001, chapter 117, article 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.