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Current as of January 01, 2023 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Minnesota Statutes Securities (Ch. 80, 80A) § 80A.91. Agent errors and omissions insurance; choice of source - last updated January 01, 2023 | https://codes.findlaw.com/mn/securities-ch-80-80a/mn-st-sect-80a-91/
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