Section 72B.13 — Acting Within Contract And Law.
72B.13 ACTING WITHIN CONTRACT AND LAW. Every adjuster shall investigate or adjust every claim, damage or loss made or occurring under an insurance contract in accordance with the terms and conditions of the contract and of the applicable laws of this state. History: 1971 c 704 s 13
Section 72B.08 — Denial, Suspension And Revocation Of Licenses.
72B.08 DENIAL, SUSPENSION AND REVOCATION OF LICENSES. Subdivision 1. Causes. The commissioner may place on probation, suspend, revoke, or refuse to issue or renew an adjuster’s license or temporary permit or may levy a civil penalty according to section 45.027, subdivision 6, or any combination of the above actions for any of the following causes: […]
Section 72A.51 — Right To Cancel.
72A.51 RIGHT TO CANCEL. Subdivision 1. Date of purchase defined. For the purposes of this section and section 72A.52 “date of purchase” means the date on which the purchaser receives a copy of the policy or contract. Subd. 2. Return of policy or contract; notice. Any individual person may cancel an individual policy of insurance […]
Section 72A.52 — Notice Requirements.
72A.52 NOTICE REQUIREMENTS. Subdivision 1. Contents. In addition to all other legal requirements a policy or contract of insurance described in section 72A.51 shall show the name and address of the insurer and the seller of the policy or contract and shall include a notice, clearly and conspicuously in boldface type of a minimum size […]
Section 72B.01 — Purpose And Scope.
72B.01 PURPOSE AND SCOPE. It is the purpose of sections 72B.01 to 72B.136 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 […]
Section 72B.02 — Definitions.
72B.02 DEFINITIONS. Subdivision 1. Scope. For the purposes of sections 72B.01 to 72B.136 the terms defined in this section have the meanings ascribed to them unless the context otherwise requires. Subd. 2. Person. “Person” means an individual or business entity. Subd. 3. Commissioner. “Commissioner” means the commissioner of commerce or any other person properly acting […]
Section 72B.03 — Licenses.
72B.03 LICENSES. Subdivision 1. Requirement; exceptions. (a) A person shall not act or hold out as an independent adjuster or public adjuster unless the person is licensed as an independent adjuster or public adjuster in accordance with this chapter, or is exempt from licensure as an independent adjuster or public adjuster under this chapter. (b) […]
Section 72B.041 — Resident Adjuster License Procedure And Requirements; Examinations; Fees.
72B.041 RESIDENT ADJUSTER LICENSE PROCEDURE AND REQUIREMENTS; EXAMINATIONS; FEES. Subdivision 1. Application. (a) An individual applying for a resident adjuster license must make application to the commissioner on the appropriate National Association of Insurance Commissioners (NAIC) Uniform Individual Application in a format prescribed by the commissioner and declare under penalty of suspension, revocation, or refusal […]
Section 72B.045 — Continuing Education.
72B.045 CONTINUING EDUCATION. Subdivision 1. Requirement. An individual who holds an independent or public adjuster license and who is not exempt under this section must satisfactorily complete a minimum of 24 hours of continuing education courses, of which three hours must be in ethics, reported to the commissioner on a biennial basis in conjunction with […]
Section 72B.05 — Nonresidents.
72B.05 NONRESIDENTS. (a) Unless refused licensure pursuant to section 72B.08, a nonresident person shall receive a nonresident adjuster license if: (1) the person is currently licensed in good standing as an adjuster in the person’s resident or home state; (2) the person has submitted the proper request for licensure and has paid the fees required […]