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70A.14 LICENSING.
    Subdivision 1. Application. A rate service organization applying for a license as required by
section 70A.13, subdivision 1, shall include with its application:
(a) a copy of its constitution, charter, articles of organization, agreement, association or
incorporation, and a copy of its bylaws, plan of operation and any other rules or regulations
governing the conduct of its business;
(b) a list of its members and subscribers;
(c) the name and address of one or more residents of this state upon whom notices, process
affecting it or orders of the commissioner may be served;
(d) a statement showing its technical qualifications for acting in the capacity for which it
seeks a license; and
(e) any other relevant information and documents that the commissioner may require.
    Subd. 2. Change of circumstances. Every organization which has applied for a license
under subdivision 1 shall thereafter promptly notify the commissioner of every material change in
the facts or in the documents on which its application was based.
    Subd. 3. Granting a license. If the commissioner finds that the applicant and the natural
persons through whom it acts are competent, trustworthy, and technically qualified to provide the
services proposed, and that all requirements of law are met, the commissioner shall issue a license
specifying the authorized activity of the applicant. The commissioner shall not issue a license if
the proposed activity would tend to create a monopoly or to lessen or destroy price competition.
    Subd. 4. Duration. Licenses issued pursuant to this section shall remain in effect until the
licensee withdraws from the state or until the license is suspended or revoked. The fee for each
license shall be $3,000, payable every three years.
    Subd. 5. Amendments to constitution and bylaws. Any amendment to a document filed
under subdivision 1(a) shall be filed within 30 days of its adoption. Failure to comply with this
subsection shall be a ground for revocation of the license granted under subdivision 3.
History: 1969 c 958 s 14; 1974 c 5 s 2; 1986 c 444; 1987 c 358 s 97; 1999 c 223 art 2 s 9

Official Publication of the State of Minnesota
Revisor of Statutes