Arizona Laws 20-401.06. Unauthorized transactions; classification
Current as of: 2023 | Check for updates
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Any unauthorized insurer who knowingly transacts any unauthorized act of an insurance business is guilty of a class 5 felony.
Attorney's Note
Under the Arizona Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 5 felony | up to 2 years | up to $150,000 |