Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in § 27-16-1.1 — § 27-16-2.6 may be fined not more than ten thousand dollars ($10,000).

History of Section.
G.L. 1938, ch. 151, § 31; P.L. 1940, ch. 856, § 2; G.L. 1956, § 27-16-1; G.L., § 27-16-2.2; P.L. 1973, ch. 231, § 2; P.L. 1994, ch. 134, § 13.