2006 Minnesota Statutes

60K.35 FRATERNAL BENEFIT SOCIETY REPRESENTATIVES.
Representatives of fraternal benefit societies who solicit and negotiate insurance contracts
are considered to be insurance producers and are subject to the licensing requirements of this
chapter, provided that no insurance producer's license is required of:
(1) any officer, employee, or secretary of a fraternal benefit society or of any subordinate
lodge or branch who devotes substantially all of that person's time to activities other than the
solicitation or negotiation of insurance contracts and who receives no commission or other
compensation directly dependent upon the number or amount of contracts solicited or negotiated;
or
(2) any agent or representative of a fraternal benefit society who devotes, or intends to
devote, less than 50 percent of that person's time to the solicitation and procurement of insurance
contracts for that society. Any person who in the preceding calendar year has solicited and
procured life insurance in excess of $50,000 face amount, or, in the case of any other kinds of
insurance that the society may write, on the persons of more than 25 individuals, and who has
received or will receive a commission or other compensation in the total amount of $1,000 or
more, is presumed to be devoting, or intending to devote, 50 percent of that person's time to the
solicitation or procurement of insurance contracts for that society.
History: 2001 c 117 art 1 s 6