72A.15 PENALTY FOR VIOLATION OF LAW PROVIDING FOR INSURANCE IN
UNLICENSED COMPANIES.
Every person licensed to procure insurance in an unlicensed foreign company who fails to
file the affidavit and statement required in such case or who willfully makes a false affidavit or
statement shall forfeit the license and be guilty, for the first offense, of a misdemeanor, and for
each subsequent offense, of a gross misdemeanor.
History: 1967 c 395 art 12 s 15; 1986 c 444