2016 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 72A — INSURANCE INDUSTRY TRADE PRACTICES
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.
History: 1967 c 395 art 12 s 16; 1986 c 444
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