2014 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 60K — INSURANCE PRODUCERS
Section 60K.54 — REPORTING OF 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 date criminal prosecution begins, 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.
For purposes of this subdivision, the date the criminal prosecution begins is the date the indictment is returned or the date the criminal complaint is filed.
History:2001 c 117 art 1 s 25; 2014 c 198 art 4 s 5
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