60K.361 INSURANCE EDUCATION. (a) Prelicense education must consist of 20 hours of education per line of authority. (b) The course must include an introduction to insurance and insurance-related concepts covering all of the major lines of authority except variable life and variable annuities. The course must consist of the following: (1) rules, regulations, and law; (2) basic fundamentals of insurance; (3) property: (i) types of policies; (ii) policy provisions; (iii) perils, exclusions, deductibles, and liability; and (iv) evaluating needs; (4) casualty: (i) types of policies; (ii) policy provisions; (iii) perils, exclusions, deductibles, and liability; and (iv) evaluating needs; (5) life: (i) types of policies; (ii) policy provisions; and (iii) group insurance; and (6) accident and health: (i) types of policies; (ii) policy provisions; and (iii) group insurance. (c) Courses that cover a specific major line of authority must include the following: (1) life: (i) types of life insurance policies; and (ii) Minnesota laws, rules, and regulations pertinent to life insurance; (2) accident and health: (i) types of health insurance policies; and (ii) Minnesota laws, rules, and regulations policies; and (ii) Minnesota laws, rules, and regulations pertinent to life insurance; (2) accident and health: (i) types of health insurance policies; and (ii) Minnesota laws, rules, and regulations pertinent to accident and health insurance; (3) property: (i) personal lines; (ii) commercial lines; and (iii) Minnesota laws, rules, and regulations pertinent to property insurance; (4) casualty: (i) personal lines; (ii) commercial lines; and (iii) Minnesota laws, rules, and regulations pertinent to casualty insurance; and (5) personal lines: (i) types of property/casualty personal lines insurance policies; and (ii) Minnesota laws, rules, and regulations pertinent to property/casualty personal lines insurance. History: 2009 c 63 s 28,78; 2010 c 384 s 13
Minnesota Legal Code