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.
History: 1995 c 151 s 5; 1999 c 250 art 3 s 6