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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 72A.16: MUTUAL COMPANIES.

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Where this section sits in the code
  1. INSURANCE
  2. CHAPTER 72A. INSURANCE INDUSTRY TRADE PRACTICES
  3. PROHIBITIONS AND PENALTIES IN GENERAL

Subdivision 1. Unlawful procurement or use of proxy.

Every officer or agent of a domestic mutual insurance company who shall solicit, receive, procure to be obtained, or use, a proxy vote in violation of any provision of law shall be guilty of a gross misdemeanor.

Subd. 2. Guaranty against assessment.

Every director, officer, or agent of an insurance company who officially or privately gives a guaranty to a policyholder thereof against an assessment for which the policyholder would otherwise be liable shall be guilty of a misdemeanor.

Collected 2026-09-02T22:10:29Z. Source file · JSON

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