Legal Question in Business Law in Minnesota
shipping insurance
Is there any legality to becoming an insurance company? Eg. I would like to start charging insurance on packages that I ship, and paying any claims out of that fund.
Asked on 3/24/04, 9:26 am
1 Answer from Attorneys
David Kelly-952-544-6356
Kelly Law Office
Re: shipping insurance
Yes.
You have to be licensed in every state where you do business. There may be federal requirements also.
You can't just do that. Don't do it.
Answered on 3/24/04, 10:23 am
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