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Code · Minnesota · Chapter 62

62C.12 SUSPENSION.

125 words·~1 min read·/mn/chapter-62/62c-12

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62C.12 SUSPENSION.
A service plan corporation shall be subject to section 60A.052 , relating to the denial, suspension or revocation of a certificate of authority, and to chapter 60B. The commissioner also may suspend or revoke a certificate for any violation or noncompliance with Laws 1971, chapter 568 following a hearing under procedures established by rules of the commissioner. The commissioner may suspend or revoke the certificate of authority of a foreign service plan corporation for the same reasons for which a domestic corporation's certificate may be suspended or revoked, and further, may revoke or suspend the certificate of a foreign service plan corporation if its activities outside the state of Minnesota impair its solvency or its ability to meet its obligations in this state.
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