33-2-104. Representing or aiding unauthorized insurer prohibited. (1) No person shall in this state directly or indirectly act as insurance producer for, or otherwise represent or aid on behalf of another, any insurer not then authorized to transact insurance in this state in the solicitation, negotiation, or effectuation of insurance or of annuity contracts, inspection of risks, fixing of rates, investigation or adjustment of losses, collection of premiums, or in any other manner in the transaction of insurance with respect to subjects of insurance resident, located, or to be performed in this state.
     (2) This section shall not apply to:
     (a) acceptance of service of process by the commissioner under 33-1-613;
     (b) surplus lines insurance and other transactions as to which certificate of authority is not required of an insurer as stated in 33-2-102.
     (3) Any person violating this section shall upon conviction thereof be guilty of a felony.

     History: En. Sec. 176, Ch. 286, L. 1959; R.C.M. 1947, 40-3401; amd. Sec. 1, Ch. 713, L. 1989.