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62G.14 Suspension.

A legal service plan corporation is subject to section 60A.052, relating to the denial, suspension or revocation of a certificate of authority, and to the provisions of chapter 60B. The commissioner also may suspend or revoke a certificate for any violation or noncompliance with sections 62G.01 to 62G.25, following a hearing under procedures established by the rules of the commissioner. The commissioner may suspend or revoke the certification of authority of a foreign legal service plan corporation for the same reasons for which a domestic legal service corporation's certificate may be suspended or revoked. The commissioner may also revoke or suspend the certificate of a foreign legal service plan if its activities outside the state of Minnesota impair its solvency or its ability to meet its obligations in this state.

HIST: 1978 c 785 s 14; 1986 c 444; 1993 c 13 art 2 s 1

Official Publication of the State of Minnesota
Revisor of Statutes