Unauthorized Insurers Law

The Unauthorized Insurers Law governs the conduct of insurance companies that transact business within a state without holding a license to do so there. It bars unlicensed insurers from carrying on insurance business in the state, subject to stated exceptions, and defines the specific acts and occurrences that count as transacting insurance business for that purpose. To make unlicensed insurers answerable locally, it treats the secretary of state as their agent for service of process, provides for actions and proceedings against noncomplying insurers, addresses the validity and enforceability of contracts made by them, and imposes penalties for violations.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.