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     60K.53 Reciprocity. 


    Subdivision 1.    Nonresident license waiver.  The 
 commissioner shall waive any requirements for a nonresident 
 license applicant with a valid license from the applicant's home 
 state, except the requirements imposed by section 60K.39, if the 
 applicant's home state awards nonresident licenses to residents 
 of this state on the same basis. 


    Subd. 2.    Continuing education requirements.  A 
 nonresident producer's satisfaction of that person's home 
 state's continuing education requirements for licensed insurance 
 producers constitutes satisfaction of this state's continuing 
 education requirements if the nonresident producer's home state 
 recognizes the satisfaction of its continuing education 
 requirements imposed upon producers from this state on the same 
 basis. 


    HIST: 2001 c 117 art 1 s 24 


*   NOTE:  This section, as added by Laws 2001, chapter 117, 
*article 1, section 24, is effective July 1, 2002.  Laws 2001, 
*chapter 117, article 1, section 29.

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Revisor of Statutes