Minnesota Legislature
Office of the Revisor of Statutes
2013 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
80A.91 AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE.
A broker-dealer shall not require an agent to maintain insurance coverage for the agent's errors and omissions from a specific insurance company. This section does not apply if the agent is an employee of that broker-dealer, or if the broker-dealer or affiliated insurance company contributes to the premiums for the errors and omissions coverage. Nothing in this section shall prohibit a broker-dealer from requiring an agent to maintain errors and omissions coverage or requiring that the errors and omissions coverage meet certain criteria.
History:
Official Publication of the State of Minnesota
Revisor of Statutes