™Your Policy Risk Impact Agent
1,133 chapters · 28,438 sections in this title.
Minn. Stat. § 60H.01 SHORT TITLE.
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60H.01 SHORT TITLE. This chapter may be cited as the "Managing General Agents Act." History: 1991 c 325 art 4 s 1
Minn. Stat. § 60H.02 DEFINITIONS.
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60H.02 DEFINITIONS. § Subdivision 1.Application. The terms defined in this section apply to this chapter. § Subd. 2.Actuary. "Actuary" means a person who is a member in good standing of the American Academy of Actuaries. § Subd. 3.Insurer. "Insurer" means a person, firm, associat…
Minn. Stat. § 60H.03 LICENSURE.
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60H.03 LICENSURE. § Subdivision 1.Risks located in state. A managing general agent representing an insurer licensed in this state with respect to risks located in this state must be licensed in this state. § Subd. 2.Risks located outside of state. A managing general agent represe…
Minn. Stat. § 60H.04 REQUIRED CONTRACT PROVISIONS.
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60H.04 REQUIRED CONTRACT PROVISIONS. No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties. The contract must specify the responsibilitie…
