Key Takeaways
- The Minnesota Department of Commerce regulates all insurance activities in the state
- The Commissioner of Commerce is APPOINTED by the Governor with Senate consent
- Minnesota REQUIRES pre-license education before taking the licensing exam
- Insurance law is found in Minnesota Statutes Chapter 60K (Producers)
- The Department handles licensing, rate review, consumer protection, and market conduct
Last updated: January 2026
Minnesota Department of Commerce
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The Minnesota Department of Commerce is the state agency responsible for regulating the insurance industry in Minnesota.
The Commissioner of Commerce
The Minnesota Commissioner of Commerce is:
| Detail | Information |
|---|---|
| Selection Method | APPOINTED by Governor with Senate consent |
| Term | Serves at pleasure of Governor |
| Reports To | Governor |
| Agency | Department of Commerce |
Exam Tip: Remember that Minnesota's Commissioner of Commerce is APPOINTED by the Governor with consent of the State Senate. The term ends with the Governor's term.
Minnesota Department of Commerce
The Department is responsible for:
- Licensing insurance producers, adjusters, and companies
- Regulating insurance rates and forms
- Protecting consumers and handling complaints
- Conducting market conduct examinations
- Enforcing insurance laws and regulations
- Monitoring insurer solvency
- Regulating other financial services
Department Functions
| Function | Description |
|---|---|
| Licensing | Issues and renews producer licenses |
| Rate Review | Reviews and approves insurance rates |
| Consumer Services | Handles complaints and inquiries |
| Examinations | Conducts market conduct exams |
| Enforcement | Investigates violations |
Minnesota Insurance Code
Minnesota insurance law is found in Minnesota Statutes:
Key Chapters
| Chapter | Subject |
|---|---|
| Chapter 60A | Insurance Companies |
| Chapter 60K | Insurance Producers |
| Chapter 61A | Life Insurance |
| Chapter 62A | Accident and Health Insurance |
| Chapter 72A | Fair Trade Practices |
Contact Information
- Department Main Phone: (651) 539-1600
- Consumer Hotline: (800) 657-3602
- Licensing: (651) 539-1599
- Website: mn.gov/commerce
- Address: 85 7th Place East, Suite 280, St. Paul, MN 55101
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Test Your Knowledge
How is the Minnesota Commissioner of Commerce selected?
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Test Your Knowledge
Which Minnesota Statutes chapter covers insurance producers?
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Test Your Knowledge
Which agency regulates insurance in Minnesota?
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