Minn. Stat. § 59A.04
This is the official text of Minn. Stat. § 59A.04, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 59A.04 ACTION BY COMMISSIONER ON APPLICATION.
Official statutory text
§ Subdivision 1. Investigation and hearing. Upon the filing of an initial application and the payment of the license fee, the commissioner shall make an investigation of each applicant. If a license has not been issued within 30 days after receipt of the application the commissioner shall, at the request of the applicant, give the applicant a full hearing.
§ Subd. 2. License issued. The commissioner shall issue or renew a license when satisfied that the person to be licensed: (a) is competent and trustworthy and intends to act in good faith in the financing of insurance premiums; (b) has a good business reputation and has had experience, training or education so as to be qualified in financing insurance premiums; and (c) if a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
§ Subd. 2. License issued. The commissioner shall issue or renew a license when satisfied that the person to be licensed: (a) is competent and trustworthy and intends to act in good faith in the financing of insurance premiums; (b) has a good business reputation and has had experience, training or education so as to be qualified in financing insurance premiums; and (c) if a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
Status: in_force · Read it on the official government site
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