2016 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 72A — INSURANCE INDUSTRY TRADE PRACTICES
Section 72A.03 — AGENT OF INSURER; PROCURING PREMIUMS BY FRAUD.
Every insurance agent who acts for another in negotiating a contract of insurance by an insurance company shall be held to be the company's agent for the purpose of collecting or securing the premiums therefor, whatever conditions or stipulations may be contained in the contract or policy. Any such agent who by fraudulent representations procures payment, or an obligation for the payment, of an insurance premium shall be guilty, for the first offense, of a misdemeanor, and for each subsequent offense, of a gross misdemeanor.
History: 1967 c 395 art 12 s 3; 1986 c 444
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
