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Section 58-5-20 - Transaction of business without certificate of authority as misdemeanor.

58-5-20. Transaction of business without certificate of authority as misdemeanor. The corporation shall not transact business here as an insurer until it has received a certificate of authority as provided in this title. Violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111, ch 16, § 7 (4); SL 1978, ch 359, § 2.

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