Section 27-12A-5

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Published: 2015

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Section 27-12A-5

Section 27-12A-5Transacting insurance without a license.

(a) A person commits the crime of transacting insurance without a license if he or she knowingly transacts the business of insurance in violation of laws requiring a license, certificate of authority, or other legal authority for the transaction of the business of insurance.

(b) Transacting insurance without a license is a Class A misdemeanor.

(Act 2012-429, p. 1170, §2.)