Minnesota
Grace Arnold
Consumer & External Affairs Attn: Licensing Minnesota Department of Commerce
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution or first business submission
Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier
Yes
$30
$30
No
No
Yes
Required and is the date supplied on transaction. Must not be in the future and must be less than 30 days old.
Yes
Minnesota portal
No fees
Yes
Cancelled by general agent
Yes
Required and is the date supplied on transaction. Must not be in the future and must be less than 30 days old.
No fee
Licensing
Resident New License Insurance Producer: $50 (per LOA) Resident New License Surplus Lines Producer: $500 Non Resident New License Insurance Producer: $50 (per LOA) Non Resident New License Surplus Lines Producer: $500
Resident Renewal Insurance Producer: $50 Resident Renewal Surplus Lines Producer: $500 Non Resident Renewal Insurance Producer: $50 Non Resident Renewal Surplus Lines Producer: $500
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
Late renewal allowed up to one year after expiration
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
Late renewal allowed up to one year after expiration
No
No
Residence, Business, and Mailing
Managing General Agent, Third Party Administrator, Temporary Resident Insurance Producer, Surplus Lines, Property & Casualty, Life, Insurance Producer, Resident Public Adjuster, Catastrophe Adjuster, Non-Resident Reinsurance Intermediary Managers, Non-Resident Reinsurance Intermediary Brokers, Resident Reinsurance Intermediary Managers, Resident Reinsurance Intermediary Brokers, Non-Resident Independent Adjuster, Non-Resident Public Adjuster, Resident Independent Adjuster, Non-Resident Indep Adjuster Agency, Resident Crop Hail Adjuster, Non-Resident Crop Hail Adjuster, Non-Resident Portable Elect Insurance Vnd, Resident Insurance Producer, Resident Surplus Lines, Resident Travel Insurance Producer, Risk Retention, Pharmacy Benefit Manager
Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA
An agent licensed in Minnesota may solicit insurance applications on behalf of an insurer who has not appointed the agent. This is allowed only when the it is in response to the needs of a customer and is done so through an appointed agent of the insurer
Yes
Classroom study, verifiable self-study or combination of both
The applicant must present a course completion certificate at the test center each time before being allowed to take the license exam.
Not specified
Pre-license education requirements do not apply to: a. an applicant for limited lines farm property liability line of authority or the variable life and annuity line of authority; b. an applicant with a 2-year insurance degree from a Minnesota vocational school; c. an applicant with a 4-year college degree in business with an emphasis on insurance; d. an applicant for the life line of authority who holds any of the following designations: I. CEBS; II. ChFC; III. CIC; IV. CFP; V. CLU; VI. FLMI; or VII. LUTCF; e. an applicant for the health line of authority who holds any of the following designations: I. RHU; II. CEBS; III. REBC; or IV. HIA; or f. an applicant for the property, casualty, or personal lines P & C line of authority who holds any of the following designations: I. AAI; II. ARM; III. CIC; or IV. CPCU.
Agency
Yes
Yes
No
90 days prior to expiration until October 31st.
Yes
No
License not required but branch must be registered
Adjuster
Yes
Yes
Yes
AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MS, MT, NC, NH, NM, NV, OK, OR, RI, SC, TX, UT, VT, WA, WV, WY
CA, HI, NY, PR
Property & Casualty, Crop, Workers' Compensation
Licensing Fee: $50 Amendment Fee: $50 Renewal Fee: $50 Late Renewal Fee: $100
Yes
90 days prior to expiration until October 31st.
Biennially, on October 31st.
There is no apprentice license, but MN does let someone undergo training under the supervision of a licensed adjuster. This training period cannot exceed 12 months.
MN offers a catastrophe adjuster license. The Lines of Authority are Property & Casualty, Crop, and Workers' Compensation.
Continuing Education
24
2 years
Last day of birth month
Year of first license issuance
Prior to license expiration.
60 days prior to expiration date
You have up to 12 months to reinstate your license for a penalty of double the unpaid renewal fee. After that 12-month period, you’ll be reapplying as if you were a totally new producer or adjuster.
3
3 hours of NFIP course
8-hour initial certification, with 5 hours of LTC-specific training each renewal cycle thereafter, must be specific to Minnesota Medicaid and Minnesota Partnership plans
One-time, 4-hour course
https://agentsync.io/blog/individual-producers/insurance-continuing-education-michigan
Regulatory Updates
New Website Design for Minnesota
Minnesota has announced a new website design for a modern look and efficiency.
Minnesota Updates Annuity Training Requirements
Producers with a Life line of authority on 12/31/22 and wish to sell annuities will be required to complete a training course no later than 7/1/23. This training must be a 4 hour course, or a 1-time, 1-credit course. If the license is obtained on or after 1/1/23 is not eligible to sell until the course work is complete. The course title is "Best Interest Standards of Conduct for Annuity Sales".
Minnesota Reduces Technology Surcharge Fee
Effective May 2, 2022, The technology surcharge fee is to be reduced from $20 to $15 for producer license applications, renewals, and reinstatements.
FAQs
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How Do I Get an Insurance License in Minnesota?
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How Do I Get a State Adjuster License in Minnesota?
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How do I renew my insurance license in Minnesota?
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How do I renew my non-resident insurance license in Minnesota?
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How Do I renew My Non-Resident Adjuster License in Minnesota?
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How Do I Renew My Adjuster License In Minnesota?