60K.53 RECIPROCITY.
Subdivision 1.
Nonresident license waiver. The commissioner shall waive any requirements
for a nonresident license applicant with a valid license from the applicant's home state, except
the requirements imposed by section
60K.39, if the applicant's home state awards nonresident
licenses to residents of this state on the same basis.
Subd. 2.
Continuing education requirements. A nonresident producer's satisfaction of
that person's home state's continuing education requirements for licensed insurance producers
constitutes satisfaction of this state's continuing education requirements if the nonresident
producer's home state recognizes the satisfaction of its continuing education requirements
imposed upon producers from this state on the same basis.
History: 2001 c 117 art 1 s 24