60A.964 Fees.
Subdivision 1. Amount. The licensing fee for a viatical settlement provider 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.
HIST: 1995 c 151 s 5; 1999 c 250 art 3 s 6
* NOTE: The amendment to subdivision 1 by Laws 1999, chapter *250, article 3, section 6, is effective July 1, 2001. Laws *1999, chapter 250, article 3, section 29.
* NOTE: Laws 1999, chapter 250, article 3, does not repeal *rules or fees in effect on June 30, 2001. Laws 2000, chapter *488, article 12, section 23.
Official Publication of the State of Minnesota
Revisor of Statutes