In case of the failure of any insurance company to comply with any of the provisions of sections 66A.08 , 66A.09 , 66A.10 , 66A.14 , 66A.15 , and 66A.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.
Minn. Stat. § 66A.11
REVOCATION OF LICENSE.
1967 c 395 art 7 s 11; 1969 c 708 s 63
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.