§ 60K.53 — Reciprocity
Plain-Language Summary
Minnesota may waive licensing requirements for out-of-state producers if their home state offers similar treatment to Minnesota licensees.
60K.53 RECIPROCITY.
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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:
History: History:
2001 c 117 art 1 s 24