§ 27-10-37 — Penalty for Violation of Article

Alabama § 27-10-37

• Jurisdiction: Alabama
• Title 27: Insurance
• Ch. 10: Unauthorized Insurers and Surplus Lines
• Art. 2: Surplus Line Insurance

Text

(a) Any person who in this state represents or aids a nonadmitted insurer in willful violation of the provisions of this surplus lines insurance law shall, upon conviction thereof, be guilty of a misdemeanor and be subject to a fine not in excess of $1,000.00 or imprisonment for not more than one year, or by both such fine and imprisonment, in the discretion of the court.
(b) In addition to the penalties provided for in subsection (a) of this section, such violator shall be liable, personally, jointly and severally, with any other person, or persons, liable therefor for payment of taxes payable on account of such insurance.
(c) In addition to any other penalty provided for in this section or otherwise provided by law, including suspension, revocation, or refusal to renew license, any person, firm, association, or corporation willfully violating any provision of this article shall be liable to a penalty not exceeding $1,000.00 for the first offense and not exceeding $2,000.00 for each succeeding offense.

Legislative History

(Acts 1963, No. 521, p. 1112, §25; Acts 1971, No. 407, p. 707, §212.)