STATUTES

STATE STATUTES & CODES

MINNESOTA STATUTES AND CODES

Section 609B.111 Life Insurance Policy Misrepresentation; License Revocation

609B.111 LIFE INSURANCE POLICY MISREPRESENTATION; LICENSE REVOCATION.

The license of any company that authorizes or permits a violation of section 72A.12, subdivision 2, shall be revoked. Upon a conviction under section 72A.12, subdivision 3, the commissioner of commerce shall revoke the license of a company and its agents, and grant no new license within one year after the conviction.

History:

2005 c 136 art 14 s 18

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