Any unauthorized insurer who violates the provisions of this article is guilty of a felony and, upon conviction thereof, may be fined not more than $20,000 per each unauthorized act or transaction of unauthorized insurance or confined in the state correctional facility not less than one nor more than five years, or both fined and imprisoned.
Structure West Virginia Code
Article 44. Unauthorized Insurers Act
§33-44-2. Purpose of Enactment of Provisions Regarding Unauthorized Insurers
§33-44-4. Unlawful Transaction of Insurance
§33-44-5. Service of Process on Unauthorized Insurers
§33-44-7. Administrative Relief
§33-44-10. Defense of Action or Proceeding by Unauthorized Insurer; Bond Requirements
§33-44-11. Person Providing Specified Coverage; Proof of Regulation by a Federal Government Agency
§33-44-12. Collection, Maintenance and Distribution of Restitution to Insureds