66A.11 REVOCATION OF LICENSE.
In case of the failure of any insurance company to comply with any of the provisions of
sections
66A.08,
66A.09,
66A.10,
66A.14,
66A.15, and
66A.16, subdivisions 1 and 2, its right to
transact insurance business in this state shall cease and it shall be the duty of the commissioner
to immediately proceed under chapter 60B or declare its license revoked and, in case of such
revocation, the company shall not be again licensed to transact business in this state for a period
of one year from the date of the revocation.
History: 1967 c 395 art 7 s 11; 1969 c 708 s 63