§431:4-107 Solicitation permit required. (a) No person forming or proposing to form in this State any of the following shall advertise, solicit or receive any funds, agreement, stock subscription or membership on account thereof, unless the person has applied for and has received from the commissioner a solicitation permit:
(1) An insurer,
(2) An insurance holding corporation,
(3) A stock corporation to finance an insurer or insurance production, or
(4) A corporation to manage an insurer.
(b) Any person violating this section shall be fined not more than $10,000 or imprisoned not more than ten years, or both. [L 1987, c 347, pt of §2]
Section: Previous 431-4-101 431-4-102 431-4-103 431-4-104 431-4-105 431-4-106 431-4-106.5 431-4-107 431-4-108 431-4-109 431-4-110 431-4-111 431-4-112 431-4-113 431-4-114 NextLast modified: October 27, 2016