Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2010
 

Tax on Insurers Law

Chapter 6. Suspension of Rights of Delinquent Insurers.

Article 2. Suspended Corporate Insurers

Section 12832

12832. Exercise of rights after suspension unlawful. Every person who attempts or purports to exercise any of the rights, privileges or powers of a suspended domestic insurer or attempts to transact any intrastate business in this state in behalf of a forfeited foreign insurer is guilty of a misdemeanor. Upon conviction he shall be punished by a fine not exceeding two thousand dollars ($2,000), or by imprisonment in a county jail not exceeding one year, or by both such fine and imprisonment.

History.—Stats. 1957, p. 746, in effect September 11, 1957, eliminated provision for minimum fine and period of confinement, and decreased maximum confinement in county jail to a period not exceeding one year. Stats. 1983, Ch. 1092, in effect September 27, 1983, operative January 1, 1984, substituted "two thousand dollars ($2,000)" for "one thousand dollars" after "exceeding" in the second sentence.