Minn. Stat. § 80A.91
This is the official text of Minn. Stat. § 80A.91, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 80A.91 AGENT ERRORS AND OMISSIONS INSURANCE; CHOICE OF SOURCE.
Official statutory text
A broker-dealer shall not require an agent to maintain insurance coverage for the agent's errors and omissions from a specific insurance company. This section does not apply if the agent is an employee of that broker-dealer, or if the broker-dealer or affiliated insurance company contributes to the premiums for the errors and omissions coverage. Nothing in this section shall prohibit a broker-dealer from requiring an agent to maintain errors and omissions coverage or requiring that the errors and omissions coverage meet certain criteria.
Status: in_force · Read it on the official government site
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