609B.111 LIFE INSURANCE POLICY MISREPRESENTATION; LICENSE
REVOCATION.
The license of any company that authorizes or permits a violation of section
72A.12,
subdivision 2
, shall be revoked. Upon a conviction under section
72A.12, subdivision 3, the
commissioner of commerce shall revoke the license of a company and its agents, and grant no
new license within one year after the conviction.
History: 2005 c 136 art 14 s 18