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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

Official Publication of the State of Minnesota
Revisor of Statutes