Minn. Stat. § 72A.16

Current through Register Vol. 49, No. 8, August 19, 2024
Section 72A.16 - MUTUAL COMPANIES
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.

Minn. Stat. § 72A.16

1967 c 395 art 12 s 16; 1986 c 444