Fine for unauthorized insurance

215 ILCS 5/121-19 — under Illinois Insurance Code.

215 ILCS 5/121-19

(215 ILCS 5/121-19) (from Ch. 73, par. 733-19)

Sec. 121-19. Fine for unauthorized insurance. Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in this Act is guilty of a business offense and may be fined not more than $20,000.

(Source: P.A. 93-32, eff. 7-1-03.)