§431:4-107  Solicitation permit required. (a)  No person forming or proposing to form in this State any of the followingshall advertise, solicit or receive any funds, agreement, stock subscription ormembership on account thereof, unless the person has applied for and hasreceived from the commissioner a solicitation permit:

(1)  An insurer,

(2)  An insurance holding corporation,

(3)  A stock corporation to finance an insurer orinsurance production, or

(4)  A corporation to manage an insurer.

(b)  Any person violating this section shall befined not more than $10,000 or imprisoned not more than ten years, or both. [L1987, c 347, pt of §2]