§431:4-107 - Solicitation permit required.
§431:4-107 Solicitation permit required.
(a) No person forming or proposing to form in this State any of the following
shall advertise, solicit or receive any funds, agreement, stock subscription or
membership on account thereof, unless the person has applied for and has
received from the commissioner a solicitation permit:
(1) An insurer,
(2) An insurance holding corporation,
(3) A stock corporation to finance an insurer or
insurance production, or
(4) A corporation to manage an insurer.
(b) Any person violating this section shall be
fined not more than $10,000 or imprisoned not more than ten years, or both. [L
1987, c 347, pt of §2]