Minnesota Annuity

The Minnesota Insurance Commission is a division of the Minnesota Department of Commerce. The mission of the Insurance Commission is to make sure that both consumers and businesses are treated fairly with respect to the insurance and annuity transactions that occur within the state.

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Minnesota Insurance Commissioner

Prior to his new post as Commissioner of the Department of Commerce, Michael "Mike" Rothman was the co-chair of the Insurance and Financial Services Practice Group at the law firm of Winthrop and Weinstine in Minneapolis. Mr. Rothman also has significant litigation experience having worked on two of the largest insurance company insolvencies in history. He has also represented clients in state and federal court, both at the trial and appellate levels. Mr. Rothman has also served as an adjunct professor at the University of Minnesota Law School and is one of the founding board members of the Minnesota Urban Debate League. He and his wife live in Minnetonka with their three children.

Minnesota Annuity Resources

The annuity section of the Minnesota Department of Commerce can be found at http://www.state.mn.us/. Its purpose is to provide information to consumers, particularly senior citizens who may be more vulnerable than other consumers. Information is presented in a way to eliminate confusion about annuity products and advises consumers to take the necessary precautions prior to purchasing any type of annuity or insurance contract. For more information about the Minnesota Insurance Commission, visit the Department of Commerce website here.

 

Capital: Saint Paul
State Commissioner: Michael Rothman
Insurance Hotline: (651) 296-6848
Annuity Guarantee Limit: $100,000-$300,000
Website: http://www.state.mn.us
Links: Understanding Annuities