State Requirements

MINNESOTA STATE REQUIREMENTS

Continuing Education 24 Hours Biennially
Including 3 Hours of Ethics

LICENSE RENEWAL

  • The license renewal date is the last day of the producer’s birth month.
  • Agents must have their CE credit hours posted prior to their expiration date and prior to applying to renew their insurance license(s).

COURSES ACCEPTED FOR CE CREDIT

  • General: Classroom / Company Sponsored / Distance Learning
  • NO more than one-half of the credit hours per licensing period may be sponsored by, offered by, or affiliated with an insurance company or its agents
  • May not complete more than 8 hours of CE each day. If a course is worth more than 8 hours the exam must be taken in more than 1 day. For example, if a course is worth 24 hours it must be completed in 3 days.
  • Instructors can receive extra credit for courses they teach by submission of the "Application for Instructor Extra Credit" by the Education Provider. The Department of Commerce will approve or deny the request and apply the appropriate credits. Repetition rules apply.

COURSE SUBJECT REQUIREMENTS

  • Three (3) Hours of Ethics each compliance.
  • Licensees may complete their CE requirement by taking courses approved for any line of authority.

ANNUITY REQUIREMENT

  • Effective January 1, 2023: Licensees who sell annuity products will need to complete an annuity course covering the NAIC Best Interest Standards. Licensees who have already completed a 4-hour annuity course prior to 12/31/2022 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course. Licensees will only have until 7/1/2023 to be able to take the 1-hour course. Licensees who have not completed an annuity course must take the 4-hour annuity best interest course prior to selling annuities.
  • Residents and non-residents who have completed training including the NAIC Best Interest Standards in another state with laws similar to Minnesota law will be deemed compliant with this requirement.

LONG TERM CARE REQUIREMENT

  • Before selling, soliciting, or negotiating LTC insurance products in Minnesota, producers must complete an initial 8-hour state-approved LTC training course. After completing the 8-hour initial training requirement, producers must complete 4 hours of state-approved LTC training every 24-month period following the completion of the initial training and every 24 months thereafter.
  • Residents and non-residents who satisfy the training requirements of another state with laws similar to Minnesota’s law will be compliant with the requirement.

CARRYOVER REQUIREMENT

  • Credit hours cannot be carried over to the next compliance period.

COURSE REPETITION

  • Credit will not be given for a course that is repeated within a compliance period.

FINAL EXAM

  • Internet Courses – The final examination must be either an encrypted online examination or a paper examination that is monitored by a proctor who certifies that the student took the examination. No monitor required for online exam.
  • Specific Monitor Affidavit needed for paper exams.

EXEMPTIONS

  • Individuals licensed less than 6 months prior to the first renewal date are exempt for the first reporting date.
  • Individuals holding a limited-lines license that does not require an exam.

For Additional Information please contact:

Minnesota Commerce Department
Education Division
Phone: 651-539-1500
Fax: 651-539-0112

State Website: mn.gov

Revised 08/01/2022