State Codes and Statutes
Statutes > Minnesota > 59A-79A > 72A > 72A_1672A.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
