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S.F. No. 1045 - Department of Commerce Technical Bill (first engrossment)
 
Author: Senator Roger C. Chamberlain
 
Prepared By:
 
Date: April 18, 2011



 

Section 1 removes chapter 80D from the scope of responsibilities entrusted to the Department of Commerce as the Department of Human Services licenses and regulates continuing care facilities.

Section 2 provides a definition of "classroom course."

Section 3 provides a definition of "distance learning course."

Section 4 provides a definition of "self-study course."

Section 5 provides that approved courses leading to achievement or maintenance of specified insurance agent professional designations qualify for continuing education.

Section 6 allows courses referenced in section 5 to be limited to those producers seeking the designation or those who have met prerequisite course work.

Section 7 specifies verification requirements for self-study courses.

Section 8 allows a bona fide trade association to offer continuing education courses on the premises of an insurance company so long as the course is not restricted to employees or agents of the company.

Section 9 is a conforming change.

Section 10 subjects hearing, dental, and vision policies, accident-only coverage, and long-term care policies to existing  regulation of subrogation clauses.

Section 11 expands the coverage offerings under Medicare select policies.

Section 12 is a technical correction.

Section 13 allows a waiver from MCHA's preexisting condition limitation for certain persons formerly enrolled in community-based health care coverage under section 62Q.80.

Section 14 eliminates waivers due to certain coverage under MCHA from the calculation of when a small group qualifies for guaranteed issue in the small group market.

Section 15 allows a person who has successfully completed a specified federal program or specified federal exam to be exempt from the Minnesota adjuster prelicense examination requirements.

Section 16 allows a licensed crop hail adjuster who has successfully completed a specified federal program or passed a specified federal exam to adjust multiple peril crop insurance claims without holding the crop line of authority.

Section 17 is a conforming change.

Section 18 allows a commercial self-insurance group to purchase a policy from an insurer authorized to transact workers' compensation insurance in this state in lieu of the requirement to maintain a security deposit.

Section 19 provides special rules for eligibility for insurance guaranty coverage if an insurer that issued a policy under section 18 fails.

Section 20 requires that a real estate closing agent must be licensed as provided.

Section 21 allows a temporary practice appraiser license to be issued for 12 months.

Sections 22 and 23 effect a recodification of existing statutory language related to appraiser prelicense education.

Section 24 clarifies that the length of an appraisal management company license is one year. 

Section 25 repeals the definition of a "classroom hour" from the continuing education statutes.

CBS:cs

 
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