2011 Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 60K — Insurance Producers
Section 60K.54 — Reporting of Actions

Subdivision 1.Administrative actions.

A producer shall report to the commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state within 30 days of the final disposition of the matter. This report must include a copy of the order, consent to order, or other relevant legal documents.

Subd. 2.Criminal prosecutions.

Within 30 days of the initial pretrial hearing date, a producer shall report to the commissioner any criminal prosecution of the producer taken in any jurisdiction. The report must include a copy of the initial complaint filed, the order resulting from the hearing, and any other relevant legal documents. In addition, a producer shall report to the commissioner within ten days any conviction, guilty plea, or plea of nolo contendere to any felony or gross misdemeanor.

History:

2001 c 117 art 1 s 25