Section 60A.964 Fees - Minnesota Statutes

60A.964 FEES.

Subdivision 1.Amount.

The licensing fee for a viatical settlement provider, viatical settlement broker, or viatical settlement investment agent license is $750 for initial licensure and $250 for each annual renewal. The fees must be limited to the cost of license administration and enforcement and must be deposited in the state treasury, credited to a special account, and appropriated to the commissioner.

Subd. 2.Automatic revocation.

A license is automatically revoked for failure to pay the licensing fee within the terms prescribed by the commissioner.

History:

1995 c 151 s 5; 1999 c 250 art 3 s 6; 2009 c 62 s 13