Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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
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