Minnesota § 59A.05 REVOCATION AND SUSPENSION OF LICENSES

Minnesota Statutes

§ 59A.05 — REVOCATION AND SUSPENSION OF LICENSES

Minnesota § 59A.05

PartINSURANCE

Ch. 59AINSURANCE PREMIUM FINANCE COMPANIES

This text of Minnesota § 59A.05 (REVOCATION AND SUSPENSION OF LICENSES) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 59A.05 (2026).

Text

The commissioner may after a hearing revoke, suspend, or refuse to renew the license of any licensee if it appears to the commissioner that:

(a)the license was obtained by fraud;

(b)there was any misrepresentation in the application for the license;

(c)the holder of the license is untrustworthy or incompetent to finance insurance premiums, or is involved in any fraudulent, dishonest or deceptive practice; or

(d)the licensee has violated any of the provisions of sections59A.01to59A.15or rules adopted pursuant to sections59A.01to59A.15.

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The commissioner may after a hearing revoke, suspend, or refuse to renew the license of any licensee if it appears to the commissioner that:
(a) the license was obtained by fraud;
(b) there was any misrepresentation in the application for the license;
(c) the holder of the license is untrustworthy or incompetent to finance insurance premiums, or is involved in any fraudulent, dishonest or deceptive practice; or
(d) the licensee has violated any of the provisions of sections59A.01to59A.15or rules adopted pursuant to sections59A.01to59A.15.