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.
Minn. Stat. § 72A.03
AGENT OF INSURER; PROCURING PREMIUMS BY FRAUD.
Applied in 3 court decisions — leading case Lumbermen's Underwriting Alliance v. Tifco, Inc. (1991)
Most recently applied in Premium Acceptance Corp. v. National Union Fire Insurance Co. (February 1992)
1967 c 395 art 12 s 3; 1986 c 444
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.