The commissioner may after a hearing revoke, suspend, or refuse to renew the license of any licensee if it appears to the commissioner that:
(a) the license was obtained by fraud;
(b) there was any misrepresentation in the application for the license;
(c) the holder of the license is untrustworthy or incompetent to finance insurance premiums, or is involved in any fraudulent, dishonest or deceptive practice; or
(d) the licensee has violated any of the provisions of sections 59A.01 to 59A.15 or rules adopted pursuant to sections 59A.01 to 59A.15.
1974 c 353 s 5; 1986 c 444
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 59A — Insurance Premium Finance Companies
Section 59A.03 — Licenses; Penalty.
Section 59A.04 — Action By Commissioner On Application.
Section 59A.05 — Revocation And Suspension Of Licenses.
Section 59A.06 — Books And Records.
Section 59A.07 — Power To Make Rules.
Section 59A.08 — Premium Finance Agreements.
Section 59A.09 — Maximum Finance Charge.
Section 59A.10 — Default Charges.
Section 59A.11 — Cancellation Of Insurance Contract Upon Default.
Section 59A.12 — Application Of Unearned Premiums.