The Insurance Commissioner's office in Minnesota is housed within the Department of Commerce. Our mission is to ensure that consumers and industry are treated fairly in the thousands of insurance transactions that take place each year in Minnesota. We also focus on providing efficient and professional service.
Twitter, anyone? The Minnesota Department of Commerce and its various divisions generate a wealth of useful information for consumers, companies, media, licensees, and other constituents. We've developed a variety of tools to help you keep track of this information. Check them all out and pick one or a combination that suits your needs.
In conjunction with Sircon, we have arranged for Minnesota resident producers to take advantage of a new, web-based, personal compliance tool called ProducerEDGE. This service is available at no extra charge.
Some easy and convenient features include:
Quick Links: Apply, renew and print your licenses from any or all 50 states in one convenient location.
My Licenses: View every license you hold, see your license numbers, types, lines of authority and expirations.
My Reminders: Receive automatic renewal reminders and status update notices to help you keep compliant.
Home Inventory Checklist March 16, 2010
Every homeowner or renter should maintain an inventory of personal goods for insurance purposes. This booklet will help you get started by listing common items in most homes by room and calling attention to items you might not think about.
Enforcement Actions March 12, 2010
Actions updated to include through March 12, 2010. February Enforcement Actions have been updated to include links to Consent Orders.
Purchase flood insurance before the waters rise March 11, 2010
UPDATE: With considerable snow pack on the ground and spring rains in the forecast, Minnesota residents once again face the threat of flooding along rivers and tributaries throughout the state. Over the past 20 years, 15 presidentially declared flood disasters have struck the state.
Financial Exam Reports added March 10, 2010
Final exam report as of December 31, 2008 Rural Communicty Insurance Company has been posted. Reports are listed in alphabetical order.
Consumers warned of collections scam March 9, 2010
CONSUMER ALERT! The Minnesota Department of Commerce is warning Minnesotans to beware of e-mails from Experian Portfolio Services of St. Paul informing them that they owe money to an unnamed creditor. The e-mails, which ask consumers to pay their outstanding balances via PayPal, appear to be fraudulent and consumers should not provide any personal information or payment to satisfy the alleged debt.
Iowa ins. co. fined for selling unapproved annuities contracts in MN March 8, 2010
NEWS: The Minnesota Department of Commerce has fined Des Moines, Iowa-based American Equity Investment Life Insurance Co. $275,000 for allegedly selling unapproved annuity contracts in the state of Minnesota. As a result, consumers who purchased the contacts were subject to higher surrender charges and less favorable terms
Limited Benefit, High Deductible, and Health Savings Plans February 10, 2010
If you watch late night television, you may have seen the ads - health insurance at a low, affordable price. If you or your family is living without insurance, you may wonder if these offers are right for you. Often these ads are for limited benefit plans - bare bones policies that cover specific expenses and have many more limitations than a comprehensive medical plan. But, these plans may not be your only option.
Licensing changes effective July 1, 2010 February 8, 2010
Details of licensing changes for real estate brokers and salespersons, insurance producers and adjusters, appraisers, prelicensing and continuing education providers.
$2.1 million annuity settlement with Nationwide Life February 3, 2010
NEWS: Five state insurance regulators, including the Minnesota Department of Commerce, have entered into a $2.1 million settlement with Nationwide Life Insurance Co. and Nationwide Life and Annuity Insurance Co. relating to the alleged unsuitable sale of Nationwide Life variable annuities to clients of Kansas-based financial advisory firm, Waddell & Reed Inc. Minnesota's portion of the settlement is $403,577.
Minnesotans reminded to consider flood insurance before snowmelt February 1, 2010
NEWS: With the potential for serious flooding in the Red River, Minnesota and possibly Mississippi river valleys this spring, Governor Pawlenty is reminding Minnesota homeowners to consider purchasing optional flood insurance before the snowmelt and spring rains. Flood damage is not covered under a standard homeowner's policy.
The Office of Insurance Commissioner is part of the Minnesota Department of Commerce. Copyright 2008 Minnesota Department of Commerce
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