{"data":{"id":"us-mn/minn.-stat.-59a.04","jurisdiction":"us-mn","citation":"Minn. Stat. § 59A.04","heading":"ACTION BY COMMISSIONER ON APPLICATION.","body":"Subdivision 1. Investigation and hearing.\nUpon the filing of an initial application and the payment of the license fee, the commissioner shall make an investigation of each applicant. If a license has not been issued within 30 days after receipt of the application the commissioner shall, at the request of the applicant, give the applicant a full hearing.\nSubd. 2. License issued.\nThe commissioner shall issue or renew a license when satisfied that the person to be licensed:\n(a) is competent and trustworthy and intends to act in good faith in the financing of insurance premiums;\n(b) has a good business reputation and has had experience, training or education so as to be qualified in financing insurance premiums; and\n(c) if a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.","path":["INSURANCE","CHAPTER 59A. INSURANCE PREMIUM FINANCE COMPANIES"],"source_url":"https://www.revisor.mn.gov/statutes/cite/59A.04","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:28Z","sha256":"ca5af2e52863415493ba1227470b6be1d54ba0c64801e2a416950923080f1e20","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-59a.03","next":"us-mn/minn.-stat.-59a.05"},"notice":"GroundRules: Original legal text. Not legal advice."}