Minnesota Department of Commerce

Certifying compliance with insurance producer continuing education requirements at the time of license renewal before completing all of the required continuing education requirements.

Civil penalty and agreement

Civil and Administrative Penalty(ies)/Fine(s)

$500.00

The erroneous certification of compliance to insurance CE was submitted not by the advisor, but by an administrative assistant. It was an unintentional error. The error was caught by the advisor two weeks later and immediately corrected with all of the necessary courses being completed. Two weeks after the courses were completed and the license reinstated, the State cited the error and levied a fine.

MINNESOTA DEPARTMENT OF COMMERCE

MINNESOTA DEPARTMENT OF COMMERCE CONCLUDED AN INVESTIGATION BASED ON ALLEGATIONS THAT THE REPRESENTATIVE CLAIMED CREDIT FOR INSURANCE-RELATED CONTINUING EDUCATION HOURS THAT WERE NOT ACTUALLY COMPLETED AND EARNED TO CONTINUE INSURANCE PRODUCER LICENSURE WITH THE DEPARTMENT OF COMMERCE.

Consent

Cease and Desist

Civil and Administrative Penalty(ies)/Fine(s)

$3,500.00

Requalification

I TOOK CONTINUING EDUCATION CLASSES FROM A PROVIDER WHO REPRESENTED THAT HIS CLASSES AND CREDITS WERE APPROVED BY THE STATE. THE CLASS GRANTED MORE CREDITS THAN THE ACTUAL HOURS OF CLASS TIME. I HAVE AGREED TO PAY A FINE AND COMPLETE THE NECESSARY CONTINUING EDUCATION CREDITS, WHICH I HAVE DONE.