Minnesota Legislature
Office of the Revisor of Statutes
2012 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
72A.16 MUTUAL COMPANIES.
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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
Official Publication of the State of Minnesota
Revisor of Statutes