Sec. 38a-704. (Formerly Sec. 38-71). Penalty for acting as insurance producer without license.
Sec. 38a-704. (Formerly Sec. 38-71). Penalty for acting as insurance producer
without license. Any person, partnership, association, limited liability company or corporation, or any person, partnership, association, limited liability company or corporation acting under a trade name, that acts within this state, either on the person's own
behalf or as a representative or agent of any other person or partnership, association,
limited liability company or corporation or any other person, partnership, association,
limited liability company or corporation acting under a trade name, as an insurance
producer, as defined in section 38a-702a, unless such person holds an insurance producer
license then in force from the commissioner authorizing the person so to act, shall be
fined not more than ten thousand dollars or imprisoned not more than three months,
or both.
(1949 Rev., S. 6059, 6066; P.A. 90-243, S. 24; P.A. 94-160, S. 4, 24; P.A. 95-79, S. 187-189; P.A. 01-113, S. 19, 42;
P.A. 08-178, S. 25.)
History: P.A. 90-243 removed public adjusters from purview of section; Sec. 38-71 transferred to Sec. 38a-704 in 1991;
P.A. 94-160 amended the section to include partnerships, associations or corporations or any of such acting under a trade
name to more accurately reflect the current modernization and nomenclature of the industry, effective January 1, 1996;
P.A. 95-79 included a person who acts as representative of a limited liability company, effective May 31, 1995; P.A. 01-113 substituted "section 38a-702a" for "subsection (1) of section 38a-702" and made technical changes for the purpose
of gender neutrality, effective September 1, 2002; P.A. 08-178 made technical changes and increased maximum fine from
$500 to $10,000.
See Sec. 38a-413 re title agent and title insurer exemption.
Annotations to former section 38-71:
Cited. 162 C. 508.
Cited. 5 CA 616.