Minnesota Insurance Continuing Education
We are an approved Minnesota Commerce Department education provider (Provider ID# 21025537)
Complete your Minnesota Insurance producer continuing education without any hassle - do it online! At Your Pace Online offers high quality courses, at affordable rates, and best of all, in the comfort of your own home. Sign up today for instant access!
Minnesota 24 Hour Life & Health Package with Ethics
This 24 hour continuing education course package is designed to help insurance producers renew their licenses, and includes three hours of ethics credit. The course is broken into three parts that focus on ethics, life insurance, and health insurance. The ethics course discusses the concept of ethics and what it means to operate in an ethical manner. The life insurance portion discusses such topics as uses of life insurance, types of life insurance, policy provisions, annuities, and qualified retirement plans. The health insurance portion covers a number of topics including health insurance fundamentals, health insurance policies, disability coverage, group health insurance, and long term care insurance.
Minnesota 3 Hour Insurance Ethics
This course is approved for 3 hours by the Minnesota Department of Commerce. This course satisfies the 3 hour of ethics training for any MN insurance producer.
Minnesota 24 Hour Property & Casualty Package with Ethics
The focus of this continuing education course package is property and casualty insurance. By completing this course, an insurance producer will gain 24 hours of instruction that can be applied toward license renewal, including 3 hours of ethics credit. This course discusses a number of topics including professional ethics, dwelling and homeowners insurance, automobile insurance, insurance for business owners, and workers' compensation insurance.
Minnesota 21 Hour Life & Health Review
This 21 hour continuing education course is designed to help insurance producers renew their licenses. The course is broken into two parts that focus on life and health insurance respectively. The life insurance portion discusses such topics as uses of life insurance, types of life insurance, policy provisions, annuities, and qualified retirement plans. The health insurance portion covers a number of topics including health insurance fundamentals, health insurance policies, disability coverage, group health insurance, and long term care insurance.
Minnesota 21 Hour Property & Casualty Review
Insurance producers who take this course will gain 21 hours of continuing education on property and casualty insurance. This course discusses a number of subjects including insurance for private residences, automobile insurance, commercial insurance, and workers' comp.
Minnesota 3 Hour NFIP Certification Course
This course is approved for 3 Hours of Flood/General credit by the Minnesota Department of Commerce. This course satisfies the 3 hours of flood training required for a MN Insurance Producer to sell flood insurance under the NFIP.
Minnesota Department of Commerce Course ID: 1021495
Minnesota 2 Hour Toxic Mold
This course is approved for 2 hours of continuing education by the Minnesota Department of Commerce. In it, you'll learn about the impact toxic mold has on the insurance industry and your customers. No additional reporting fees!
Minnesota Department of Commerce Course ID: 1020201
Minnesota 1 Hour Anti-money Laundering
This course is approved for 1 hour by the Minnesota Department of Commerce. Our Anti-money Laundering course explains the impact that the crime of money laundering has on the insurance industry. You'll learn about efforts taken to prevent money laundering by the industry, and how you can help.. No additional reporting fees!
Minnesota Department of Commerce Course ID: 1020203
Minnesota 1 Hour Renters Insurance
This course is approved for 1 hour by the Minnesota Department of Commerce. Our Renters and Condominium Insurance course explains the benefits that these policies can offer your clients, while expanding your business. The course also explains what you need to know to maximize this lucrative and undeserved market. No additional reporting fees!
Minnesota Department of Commerce Course ID: 1020202
Minnesota 1 Hour Flood Insurance
This course is approved by the Minnesota Department of Commerce for 1 hour of continuing education. This class will introduce the history of flood insurance, how it's administered currently within the United States, and the prospects for the future. No additional reporting fees!
Minnesota Department of Commerce Course ID: 1020200
Minnesota Insurance Continuing Education Requirements
In order to renew an insurance license in Minnesota, you must complete state continuing education (CE) requirements. All insurance producers in the state of Minnesota, both independent and public, are subject to this requirement.
During each two-year licensing period, producers are required to complete a minimum of 24 credit hours in courses accredited by the state Commissioner of Commerce. No more than half of the credit hours may be acquired through courses sponsored by, offered by, or affiliated with an insurance company or its agents. At least three credit hours per licensing period must come from ethics courses.
No more than eight hours of CE may be completed in a single day. Any additional hours on a given day will not result in CE credit for the producer.
Rules for Non-Residents
A non-resident producer who has satisfied the CE requirements of their home state is exempt from the Minnesota CE requirements. This is conditional on the producer's home state CE requirements being substantially similar to those of Minnesota.
Carryover of Excess CE
Minnesota does not allow carryover of excess CE from one licensing period to the next. Hours are only valid for the licensing period in which they are taken.
Insurance License Term Renewal Requirements
The licensing period for Minnesota producers is two years. A license expires on the last day of the producer's birth month. The renewal year is based on the original licensure year, meaning producers originally licensed in an even-numbered year will renew in an even-numbered year, and producers originally licensed in an odd-numbered year will renew in an odd-numbered year.
A license may not be renewed more than 90 days prior to its expiration date. If you attempt to renew prior to the 90-day period through the National Producer Database, you will receive an error message.
Rules for Taking the Exam
All self-study CE courses in Minnesota require a closed-book final examination. Exams must be proctored by an impartial third party. A score of 70% or higher is required to pass.
Rules for Repeating a Course
Within a single licensing period, no CE course may be repeated for credit. CE courses may be taken again during the next licensing period.
Credit for Instructors
Qualified instructors of a CE course will earn three hours of CE credit for each classroom hour of approved instruction that they deliver independently. They will also receive three hours of CE credit for each classroom hour of approved instruction that they deliver as a part of a team, so long as the course is no longer than two hours and they attend the course in its entirety.
Qualified instructors may not earn more than one-half of their required CE hours at the rate of three hours of credit to one hour of approved instruction. No credit will be earned if the instructor has previously obtained credit for the same course, either as a student or an instructor, during the same licensing period.
Following the completion of credit hours, producers must have a compliance report filed. An institution offering an accredited CE course in Minnesota is responsible for reporting course completion on behalf of the producer. Completion must be reported by the institution with 10 days. Resident producers can verify their CE transcripts with Sircon.
Insurance CE Requirement Exemptions
Non-resident producers who have met CE requirements in their home state are not subject to Minnesota's CE requirements. This is provided their home state requirements are substantially similar to the requirements of Minnesota.
Those who are soliciting or selling solely on behalf of companies organized and operating as Township Mutual Fire Insurance Companies are also exempt from CE requirements. Details of Township Mutual Fire Insurance Companies are outlined in Minnesota State Statutes Chapter 67A.
Minnesota Annuity Requirements
Annuity producers are subject to special requirements in the state of Minnesota. Both residents and non-residents who hold an active Minnesota insurance producer license with a life line-of-authority are required to complete an initial four CE credit hour course. It is the ongoing responsibility of the producer's insurer to document training completion.
An annuity suitability course is required to cover the following topics:
- The types and various classifications of annuities
- The identification of the parties to an annuity
- How fixed, variable, and indexed annuity contract provisions affect consumers
- The application of income taxation of qualified and nonqualified annuities
- The primary uses of annuities
- The sales practices, replacement, and disclosure requirements that are outlined in Minnesota state statutes 72A.2033 Subd. 2. C.
If the producer has completed a substantially similar four-credit annuity suitability training in another state, it may satisfy the Minnesota requirement. The producer's insurer must verify the course content's similarity and the producer's completion of the course prior to permitting the producer to sell any annuity products in Minnesota.
Minnesota Long-Term Care Insurance Training Requirements
A producer may not sell, solicit, or negotiate long-term care insurance in the state of Minnesota unless they are licensed as an insurance producer for accident and health, sickness, or life insurance. Producers are required to complete an initial one-time, 8-credit course in long term care insurance and a further four hours of CE in long term care insurance every licensing period.
All courses must consist of topics related to long-term care insurance, long-term care services, and qualified state long-term care insurance partnership programs. Specific topics may include:
- The relationship between qualified state long-term care insurance partnership programs and other public and private coverage of long-term care services
- Available long-term care services and providers
- Changes or improvements in long-term care services or providers
- Alternatives to the purchase of private long-term care insurance
- The effect of inflation on benefits
- Consumer suitability standards and guidelines
Courses must not cover content that is product-specific or that includes any sales or marketing information, materials, or training other than those required by state or federal law.
The satisfaction of the training requirements in any state will fulfill the Minnesota state requirement, with the caveat that non-resident producers are expected to demonstrate knowledge about unique aspects of the Minnesota medical assistance system.