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Minn. Stat. § 60A.176

DEFINITIONS.

Applied in 2 court decisions — leading case 808 F. Supp. 677 - Farmers Union Agency, Inc. v. Butenhoff (1992)

Most recently applied in American Family Mutual Insurance Co. v. Lindsay (June 1993)

1990 c 457 s 1; 1991 c 207 s 1

Subdivision 1. Application.

The definitions in this section apply to this section and section 60A.177 .

Subd. 2.

[Repealed, 1991 c 207 s 8 ]

Subd. 3. Agent.

"Agent" means an agent who is not an employee of the insurer, who has an agency contractual relationship that has been in effect for five or more years, and who writes 80 percent or more of the agent's business through one insurer or its subsidiaries.

Subd. 4. Insurer.

"Insurer" means an insurance company writing property or casualty loss insurance in this state through agents.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.