60K.50 LIMITATION ON APPOINTMENTS.
No insurer or representative of an insurer shall knowingly appoint a producer who is known
to the insurer or representative to have engaged in any of the activities in section
60K.43 or
to be otherwise unqualified or unfit. Upon discovery by the insurer or a representative of the
insurer that an appointed producer has engaged in any of the activities in section
60K.43 or is
otherwise unqualified or unfit, the insurer shall immediately terminate the appointment and notify
the commissioner as set forth in section
60K.51. No insurer shall employ a producer whose
license has been revoked.
History: 2001 c 117 art 1 s 21