Minnesota § 72A.03 AGENT OF INSURER; PROCURING PREMIUMS BY FRAUD

Minnesota Statutes

§ 72A.03 — AGENT OF INSURER; PROCURING PREMIUMS BY FRAUD

Minnesota § 72A.03

PartINSURANCE

Ch. 72AINSURANCE INDUSTRY TRADE PRACTICES

This text of Minnesota § 72A.03 (AGENT OF INSURER; PROCURING PREMIUMS BY FRAUD) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 72A.03 (2026).

Text

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.

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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.