.................... moves to amend H.F. No. 2942 as follows:
Page 15, after line 22, insert:
"Sec. 21. Minnesota Statutes 2008, section 72B.01, is amended to read:
1.472B.01 PURPOSE AND SCOPE.
It is the purpose of sections
to provide high quality service to
insureds and insurance claimants in the state of Minnesota by providing for well trained
adjusters and persons engaged in soliciting business for adjusters, who are qualified to deal
with the public in the interest of a fair resolution of insurance claims.
1.9 72B.14 shall apply to all adjusters, and adjusters' solicitors, except as specifically stated to
1.10 the contrary; but nothing in sections
72B.14 shall apply to:
1.11 (a) An attorney at law who is licensed or otherwise allowed to practice law in this
1.12 state and who does not hold out to be an adjuster, or adjuster's solicitor.
1.13 (b) A licensed agent of an authorized insurer who adjusts losses for such insurer
1.14 solely under policies issued by the agent or the agent's agency or on which the agent is the
1.15 agent of record, provided the agent receives no extra compensation for such services.
1.16 (c) Personnel of township mutual companies.
1.17 (d) Adjusters for crop hail and farm windstorm damage claims who are on the staff
1.18 of companies covering such risks.
1.19 (e) Persons who process life insurance annuity contract or accident and health
1.20 insurance claims.
1.21 (f) Persons processing or adjusting wet marine or inland transportation claims or
Sec. 22. Minnesota Statutes 2009 Supplement, section 72B.03, subdivision 2, is
amended to read:
Subd. 2. Classes of licenses.
(a) Unless denied licensure pursuant to section
persons who have met the requirements of section
must be issued an
adjuster license. There shall be four classes of licenses, as follows:
(1) independent adjuster's license;
(2) public adjuster's license;
(3) public adjuster solicitor's license; and
(4) crop hail adjuster's license.
(b) An independent adjuster and a public adjuster may qualify for a license in one or
more of the following lines of authority:
(1) property and casualty; or
(2) workers' compensation; or
(c) Any person holding a license pursuant to this section is not required to hold any
other independent adjuster, public adjuster, insurance, or self-insurance administrator
license in this state pursuant to section
60A.23, subdivision 8
, or any other provision,
provided that the person does not act as an adjuster with respect to life, health, or annuity
insurance, other than disability insurance.
(d) An adjuster license remains in effect unless probated, suspended, revoked, or
refused as long as the fee set forth in section
72B.04, subdivision 10 72B.041, subdivision
, is paid and all other requirements for license renewal are met by the due date, otherwise,
the license expires.
(e) An adjuster whose license expires may, within 12 months of the renewal date,
be reissued an adjuster license upon receipt of the renewal request, as prescribed by the
commissioner; however, a penalty in the amount of double the unpaid renewal fee is
required to reissue the expired license.
(f) An adjuster who is unable to comply with license renewal procedures and
requirements due to military service, long-term medical disability, or some other
extenuating circumstance may request a waiver of same and a waiver of any examination
requirement, fine, or other sanction imposed for failure to comply with renewal procedures.
(g) An adjuster is subject to sections
(h) The adjuster must inform the commissioner by any means acceptable of any
change in resident or business addresses for the home state or in legal name within 30
days of the change.
(i) The license must contain the licensee's name, address, and personal identification
number; the dates of issuance and expiration; and any other information the commissioner
(j) In order to assist in the performance of the commissioner's duties, the
commissioner may contract with nongovernmental entities, including the National
Association of Insurance Commissioners, its affiliates, or its subsidiaries, to perform any
ministerial functions related to licensing that the commissioner may deem appropriate,
including the collection of fees and data.
Sec. 23. Minnesota Statutes 2009 Supplement, section 72B.045, subdivision 1, is
amended to read:
Subdivision 1. Requirement.
An individual who holds an independent or public
adjuster license and who is not exempt under this section must satisfactorily complete
a minimum of 24 hours of continuing education courses, of which three hours must
be in ethics, reported to the commissioner on a biennial basis in conjunction with the
individual's license renewal cycle.
Sec. 24. Minnesota Statutes 2008, section 72B.08, subdivision 8, is amended to read:
Subd. 8. Bond.
In the case of any licensee or permit holder who has had a license or
permit suspended or revoked or whose license renewal has been prohibited by a lawful
order of the commissioner, the commissioner may condition the issuance of a new license
on the filing of a surety bond in an amount not to exceed $10,000, made and conditioned in
accordance with the requirements of section
72B.04, subdivision 4 72B.041, subdivision
, relating to public adjusters' bonds. Nothing in this subdivision shall reduce or alter the
bonding requirements for a public adjuster."
Page 44, after line 10, insert:
"Minnesota Statutes 2008, section 72B.04, is repealed, effective July 1, 2010.
Renumber the sections in sequence and correct the internal references
Amend the title accordingly