Minnesota § 66A.11 REVOCATION OF LICENSE

Minnesota Statutes

§ 66A.11 — REVOCATION OF LICENSE

Minnesota § 66A.11

PartINSURANCE

Ch. 66AMUTUAL COMPANIES

This text of Minnesota § 66A.11 (REVOCATION OF LICENSE) 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. § 66A.11 (2026).

Text

In case of the failure of any insurance company to comply with any of the provisions of sections66A.08,66A.09,66A.10,66A.14,66A.15, and66A.16, subdivisions 1 and 2, its right to transact insurance business in this state shall cease and it shall be the duty of the commissioner to immediately proceed under chapter 60B or declare its license revoked and, in case of such revocation, the company shall not be again licensed to transact business in this state for a period of one year from the date of the revocation.

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In case of the failure of any insurance company to comply with any of the provisions of sections66A.08,66A.09,66A.10,66A.14,66A.15, and66A.16, subdivisions 1 and 2, its right to transact insurance business in this state shall cease and it shall be the duty of the commissioner to immediately proceed under chapter 60B or declare its license revoked and, in case of such revocation, the company shall not be again licensed to transact business in this state for a period of one year from the date of the revocation.