CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 207Introduced by Assembly Member DalyJanuary 14, 2019 An act to amend Section 1633 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTAB 207, as introduced, Daly. Insurance licensing.Existing law generally regulates the business of insurance in the state, including the licensing of persons who transact insurance. Existing law prohibits a person from soliciting, negotiating, or effecting a contract of insurance without a valid license from the Insurance Commissioner, and makes transacting insurance without a valid license punishable as a misdemeanor by imprisonment in a county jail for not more than one year, a fine of not more than $50,000, or both that fine and imprisonment.This bill would increase the maximum fine for transacting insurance without a valid license to $70,000.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 1633 of the Insurance Code is amended to read:1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 207Introduced by Assembly Member DalyJanuary 14, 2019 An act to amend Section 1633 of the Insurance Code, relating to insurance. LEGISLATIVE COUNSEL'S DIGESTAB 207, as introduced, Daly. Insurance licensing.Existing law generally regulates the business of insurance in the state, including the licensing of persons who transact insurance. Existing law prohibits a person from soliciting, negotiating, or effecting a contract of insurance without a valid license from the Insurance Commissioner, and makes transacting insurance without a valid license punishable as a misdemeanor by imprisonment in a county jail for not more than one year, a fine of not more than $50,000, or both that fine and imprisonment.This bill would increase the maximum fine for transacting insurance without a valid license to $70,000.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill No. 207
Introduced by Assembly Member DalyJanuary 14, 2019
Introduced by Assembly Member Daly
January 14, 2019
An act to amend Section 1633 of the Insurance Code, relating to insurance.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 207, as introduced, Daly. Insurance licensing.
Existing law generally regulates the business of insurance in the state, including the licensing of persons who transact insurance. Existing law prohibits a person from soliciting, negotiating, or effecting a contract of insurance without a valid license from the Insurance Commissioner, and makes transacting insurance without a valid license punishable as a misdemeanor by imprisonment in a county jail for not more than one year, a fine of not more than $50,000, or both that fine and imprisonment.This bill would increase the maximum fine for transacting insurance without a valid license to $70,000.
Existing law generally regulates the business of insurance in the state, including the licensing of persons who transact insurance. Existing law prohibits a person from soliciting, negotiating, or effecting a contract of insurance without a valid license from the Insurance Commissioner, and makes transacting insurance without a valid license punishable as a misdemeanor by imprisonment in a county jail for not more than one year, a fine of not more than $50,000, or both that fine and imprisonment.
This bill would increase the maximum fine for transacting insurance without a valid license to $70,000.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 1633 of the Insurance Code is amended to read:1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 1633 of the Insurance Code is amended to read:1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
SECTION 1. Section 1633 of the Insurance Code is amended to read:
### SECTION 1.
1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.
1633. Any A person who transacts insurance without a valid license so to act is guilty of a misdemeanor punishable by a fine not exceeding fifty thousand dollars ($50,000) or seventy thousand dollars ($70,000), by imprisonment in a county jail for a period not exceeding one year, or by both that fine and imprisonment.