Current through the 2016 Legislative Session
Any person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
Amended by Stats 2004 ch 279 (AB 2557), s 1, eff. 1/1/2005.