FEES AND COMMISSIONS.
Known as the Minnesota Surplus Lines Insurance Act
The act spans §§ 60A.195 to 60A.2095 (17 sections).
1981 c 221 s 9; 2010 c 384 s 6; 2011 c 108 s 17
Subdivision 1.
[Repealed by amendment, 2010 c 384 s 6]
Subd. 2. Regulation of fees and commissions.
A surplus lines broker may charge a fee and commission, in addition to the premium, that is not excessive or discriminatory. The broker shall maintain complete documentation of all fees and commissions charged.
Subd. 3.
[Repealed by amendment, 2010 c 384 s 6]
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.