Title: Insurance Company
Alternate Title:
Description: Minnesota Department of Commerce
Subject: Insurance
Creation Date: 5/26/2025 2:13:59 PM
Modification Date: 5/26/2025 5:42:31 PM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Division Name: Division of Insurance
Division URL:
Division Description:
Division Phone: 651-539-1599
Division Fax: Division URL:
Audience:
Application URL: https://www.sircon.com/landingPages/states/minnesota/content.jsp
Renewal URL: https://www.sircon.com/landingPages/states/minnesota/content.jsp
Versa URL:
Requirements:
Review:
Insurer Licensing & Application Process
Minnesota law and rules spell out the insurer licensing requirements for each particular product and insurance entity.
The information below and forms (available by clicking on the link for your license type below) are what you need to begin the initial step in the licensing process. Additional information may be requested as we progress through the review process.
Applications are tailored for the various types of entities, although they all incorporate common elements related to finances and management.
- Each application includes a checklist. The checklist should be completed and all items on the checklist should be addressed.
- Items not applicable to your situation must be clearly identified and an explanation provided.
- All applications must contain a hard copy of the NAIC annual statement, signed and certified, as of the year-end preceding the date of submission.
- Commerce analysts will not begin their review until the application is complete.
- Complete applications will be reviewed in the order they are received.
Rules: 2795
Statutes: 60K
Forms:
Application Checklists
Insurers seeking a Minnesota Certificate of Authority or filing a corporate amendment application must use NAIC's Uniform Certificate of Authority Application (UCAA). In addition, please note the Minnesota specific requirements in the list below. The majority of the application may be submitted in hard copy or electronically, however, items requiring original certifications and state specific items must be submitted in hard copy.
Seasoning requirements for a foreign insurer to apply for a Minnesota Certificate of Authority can be found in the UCAA Expansion Application under State Charts.
- UCAA Expansion/Primary State Specific Requirements and Forms, P&C and Life & Health (.pdf)
Application checklist
- Foreign Surplus Lines Insurers (.pdf)
Application checklist, statement of insurance company fees
- Alien Surplus Lines Insurers (.pdf)
Application checklist, designation of addresses
- Risk Retention Groups (.pdf)
Application checklist and application for risk retention group registration (part a and b)
- Accredited Reinsurers (.pdf)
Application checklist, long-tail casualty reinsurance certification (for P&C companies only)
- Trusteed Reinsurers (.pdf)
Application checklist
- Company Mergers and Agent Appointments
- For insurance agents appointed with a merged company to be appointed with the surviving company on the date of merger, insurers need to contact Sircon at sircon@sircon.com or 517-381-3870 to accomplish the transfer. If arrangements to transfer the merged company's agents to the surviving company are not made with Sircon, these individuals cannot sell for the surviving insurer until appointed with the surviving company on an individual basis as a regular appointment.
- After the transfer of agents is made with Sircon, the surviving company must notify the Department of Commerce. We will take the final step of insuring that the non-surviving company is deactivated.
All items on the application checklist should be provided. Items not applicable to your situation must be clearly explained. Submit only complete applications. Incomplete applications will be immediately returned.
Fees:
Fees payable to the Minnesota Department of Commerce
- Primary and Expansion Applications
Include a $1,500 application fee. The application fee is non-refundable.
- Alien and Foreign Surplus Lines Applications
Include a $500 application fee. The application fee is non-refundable.
- Company Fees & Deposits
Various application fees and/or deposits required when filing and C&S requirements
Period of Issuance:
Length of Determination: 1 - 2 weeks.
Other Info:
Activity: Insurance
License Detail URL:
Insurer Licensing & Application Process
Insurance
License Lookup Directory
