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: 8/15/2024 12:13:29 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: 651-539-1700
Division Fax: Division URL:
Unit Name: Emily Weber
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:
Review:
Insurance Licensing
Purchasing Groups
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
- 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

