6213.0410 Duration Of Agent Contract; Transferability


Published: 2015

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6213.0410 DURATION OF AGENT CONTRACT; TRANSFERABILITY.


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Subpart 1.

Duration.

An agent contract remains in effect until the contract is terminated at the request of the agent in writing or is canceled or suspended by the commissioner according to parts 6213.0100 to 6213.0800 or other law.


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Subp. 2.

Change in operations.

An agent must notify the commissioner in writing at least 30 days before any change in business location, nature of business, hours of operation, or ownership. The commissioner shall reconsider a contract based on the application criteria under part 6213.0310 when there is a change in business location, nature of business, hours of operation, or ownership. The commissioner shall cancel the contract if the agent no longer meets the criteria for acceptance of an original application.


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Subp. 3.

Transferability; change in ownership.

An agent contract issued under parts 6213.0100 to 6213.0800 may not be transferred. When an agent's business changes ownership, the new owner must submit an application to be appointed an agent, which is subject to approval by the commissioner.