MN SF1045

Establishes definitions and requirements for classroom, distance learning, and self-study continuing education courses, with self-study courses requiring closed-book end-of-course examinations with objective verification of completion.

Allows professional designation coursework to qualify for continuing education and permits attendance restrictions at such courses based on prerequisite requirements rather than broad group restrictions.

Replaces "surplus lines" terminology with "nonadmitted insurance" throughout statutes and expands provisions for exempt commercial purchasers who meet specific net worth, revenue, or employment thresholds to streamline insurance procurement requirements.

Modifies nonadmitted insurer eligibility standards by requiring domestic U.S. domiciliation and establishing minimum capital and surplus requirements of $15,000,000 or alternative acceptability findings, and authorizes use of National Association of Insurance Commissioners databases for surplus lines broker licensure.

Updates provisions for real estate appraisers including retroactive prelicense education approval for in-state college courses, extends temporary practice license terms from 6 to 12 months without automatic renewal, and clarifies workers' compensation insurance policies for private self-insurers and commercial self-insurance groups.