US Laws, Codes, Statutes & Cases

     72B.01 Purpose and scope. 

    It is the purpose of sections 72B.01 to 72B.14 to provide 
 high quality service to insureds and insurance claimants in the 
 state of Minnesota by providing for well trained adjusters and 
 persons engaged in soliciting business for adjusters, who are 
 qualified to deal with the public in the interest of a fair 
 resolution of insurance claims.  Sections 72B.01 to 72B.14 shall 
 apply to all adjusters, and adjusters' solicitors, except as 
 specifically stated to the contrary; but nothing in sections 
 72B.01 to 72B.14 shall apply to: 

    (a) An attorney at law who is licensed or otherwise allowed 
 to practice law in this state and who does not hold out to be an 
 adjuster, or adjuster's solicitor. 

    (b) A licensed agent of an authorized insurer who adjusts 
 losses for such insurer solely under policies issued by the 
 agent or the agent's agency or on which the agent is the agent 
 of record, provided the agent receives no extra compensation for 
 such services. 

    (c) Personnel of township mutual companies. 

    (d) Adjusters for crop hail and farm windstorm damage 
 claims who are on the staff of companies covering such risks. 

    (e) Persons who process life insurance annuity contract or 
 accident and health insurance claims. 

    (f) Persons processing or adjusting wet marine or inland 
 transportation claims or losses. 

    HIST: 1971 c 704 s 1; 1979 c 141 s 1; 1986 c 444 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.