skip to content
photo of card catalog - no text

Find a license in the A-Z Index

1. Refine the topic list by letter

 

2. Select a topic to view their list of licenses

Title: Purchasing Groups
Alternate Title:
Description: Minnesota Department of Commerce
Subject: Insurance
Insurance Professionals
Creation Date: 11/15/2011 9:16:00 AM
Modification Date: 9/13/2019 8:32:38 AM
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: 651-539-1600
800-857-3602
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: 651-539-1700
Division Fax: Division URL:
Unit Name:
Unit URL:
Unit Description:
Unit Phone: 651-539-1745
Unit Fax: Contact person(s): emily.weber@state.mn.us
Unit URL:
Audience: Application URL:
Renewal URL:
Versa URL:
Requirements:

A Purchasing Group is a group that:

    -purchases liability insurance on a group basis;

    -purchases the insurance only for its group members just to cover their similar or related liability exposure;

    -is composed of members whose businesses or activities are similar or related; and 

    -is domiciled in a state.

All the requirements governing purchasing groups are found in Minn. Stat. Chapter 60E

Any insurance program marketed to purchasing groups in Minnesota must meet all the requirements found in state statutes and administrative rules that apply to liability insurance. It must also meet all the filing requirements for the line of coverage.

The Purchasing Group itself must register with the Minnesota Department of Commerce using the Application for Registration as a Purchasing Group


Rules:  

Statutes: 60E

Forms:

Application for Registration as a Purchasing Group

Application is available at Purchasing Groups


Fees:

 


Period of Issuance:

 


Length of Determination:
Other Info:
Activity: Insurance
License Detail URL:

Purchasing Groups

Insurance Licensing

Insurance


Minnesota Department of Commerce


back to top