Alabama Code (Last Updated: November 28, 2014) |
Title27 INSURANCE. |
Chapter12A. INSURANCE FRAUD INVESTIGATION UNIT AND CRIME PREVENTION ACT. |
Article1. Definitions and Crime of Insurance Fraud. |
§27-12A-5. Transacting insurance without a license.
Latest version.
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(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.