§ 27-12A-5 — Transacting Insurance Without a License

Alabama § 27-12A-5

• Jurisdiction: Alabama
• Title 27: Insurance
• Ch. 12A: Insurance Fraud Investigation Unit and Crime Prevention Act
• Art. 1: Definitions and Crime of Insurance Fraud

Text

(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.

Legislative History

(Act 2012-429, p. 1170, §2.)