Minn. Stat. § 72A.16: MUTUAL COMPANIES.
Where this section sits in the code
- INSURANCE
- CHAPTER 72A. INSURANCE INDUSTRY TRADE PRACTICES
- 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