License Minnesota

Insurance Certificate of Authority

Minnesota Department of Commerce

Agency contact information:

Commerce, Minnesota Department of
85 7th Place East, Suite 500
St. Paul, MN 55101
(651) 539-1500
(651) 539-1547(fax)
Division of Insurance
(651) 539-1700
Susan Porter, Application Coordinator
(651) 539-1774
Contact Info: companylic.commerce@state.mn.us

Website:

Insurance Companies

Insurance


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.

Statutes:

Minn. Stats. 60A.07

Rules:

MINNESOTA RULES 2605. - 2891.

Forms:

National Association of Insurance Commissioners (NAIC) Uniform Certificate of Authority Application (UCAA) which is available online at the NAIC website, www.naic.org/industry_ucaa.htm or at Insurance Company License Applications.

Requirements:

Depends on type of insurance (financial and management evaluation).

Fee:

Varied.

See Minn. Stat. § 60A.14

License Surcharge Notice
Minnesota law now requires any board or agency to assess a surcharge on all new licenses or registrations issued or renewed until June 30, 2015. Only those applicants already paying a current and separate Technology Surcharge are exempt from the new surcharge. The surcharge is 10 percent of the fee -- no less than $5 and no more than $150 -- on each business, commercial, professional, and occupational license or registration. This surcharge is being collected on behalf of the Minnesota Office of Enterprise Technology (OET) to fund a statewide electronic licensing system (Minn. Stat. § 16E.22). It is identified on the Sircon and PULSE systems as the "OET surcharge."  Please call (651) 556-8005 for further information.

Licensing surcharge to be assessed

The Minnesota Legislature passed legislation requiring a 10% surcharge of no less than $5 and no more than $150 on each business, commercial, professional or occupational license. The funding from this surcharge will go to MN.IT Services (formerly Office of Enterprise Technology (OET)), which is establishing an electronic licensing system for the state. The surcharge will be in place through June 30, 2015. See Minn. Stat. §  16E.22 .

Period of Issuance:

Perpetual

Length of Determination Process:

60 - 90 days.