Any person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
Cal. Ins. Code § 1633
Licensing
Applied in 2 court decisions — leading case Utica Mutual Insurance v. Herbert H. Landy Insurance Agency, Inc. (2016)
Most recently applied in Friedman v. AARP, Inc. (May 2017)
Amended by Stats. 2004, Ch. 279, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.