diff --git a/Makefile b/Makefile
index 46a43678b4..987e6c301e 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@ NAMESPACE=pam
 NAME=oktapam
 BINARY=terraform-provider-${NAME}
 # On version changes, update tag-checks.yml
-VERSION=0.4.1
+VERSION=0.5.0
 OS_ARCH=$(shell go env GOOS)_$(shell go env GOARCH)
 PLUGIN_DIR=~/.terraform.d/plugins
 DOCGEN_RESOURCES_DIR=docgen-resources
diff --git a/oktapam/convert/resource_checkout_settings.go b/oktapam/convert/resource_checkout_settings.go
index 444960ff43..70dcd442c5 100644
--- a/oktapam/convert/resource_checkout_settings.go
+++ b/oktapam/convert/resource_checkout_settings.go
@@ -68,7 +68,7 @@ func ResourceCheckoutSettingsFromModelToSDK(ctx context.Context, in *ResourceChe
 		}
 	}
 
-	if !in.ExcludeList.IsNull() && in.ExcludeList.IsUnknown() {
+	if !in.ExcludeList.IsNull() && !in.ExcludeList.IsUnknown() {
 		if diags := in.ExcludeList.ElementsAs(ctx, &out.ExcludeList, false); diags.HasError() {
 			return nil, diags
 		}