Reciprocal Exchanges and Interinsurers

SECTION 27-17-16

§ 27-17-16. Penalty for doing business without compliance.

Any attorney who exchanges any contracts of insurance of the kind and character specified in this chapter, or any attorney or representative of the attorney who solicits or negotiates any applications for the attorney without the attorney first complying with the provisions of this chapter, shall be deemed guilty of a misdemeanor, and upon conviction shall be subjected to a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000).

History of Section.
(P.L. 1952, ch. 3003, § 10; G.L. 1956, § 27-17-16.)