Minnesota Statutes 72A.02 – Violations as to Policies of Insurance
Current as of: 2023 | Check for updates
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Every company, and every officer and agent of any company, making, issuing, delivering, or tendering any policy of insurance of any kind, or directing any of the same to be done, in willful violation of any of the provisions of law, for a first offense, shall be guilty of a misdemeanor, and for each subsequent offense, of a gross misdemeanor; and, in addition to all other penalties prescribed by law, every company issuing any such policy shall be disqualified from doing any insurance business in this state until the payment of all fines imposed and for one year thereafter.
Attorney's Note
Under the Minnesota Statutes, punishments for crimes depend on the classification. In the case of this section:Class | Prison | Fine |
---|---|---|
Gross misdemeanor | up to 1 year | up to $3,000 |
Misdemeanor | up to 90 days | up to $1,000 |
Terms Used In Minnesota Statutes 72A.02
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44