Final answer:
The question pertains to the legal fines for driving without a license, but the provided insurance scenario demonstrates how insurance premiums are used to cover total damages from accidents in a group of drivers.
Step-by-step explanation:
The question concerns the penalties associated with driving without a valid driver's license, which falls under Law. While the question asks about the maximum fine for a first conviction of this offense, the provided information concerns automobile insurance and the distribution of risk and cost among a hypothetical group of 100 drivers.
This scenario shows that if each driver in the group pays a $1,860 insurance premium annually, the insurance company will be able to collect a total of $186,000, which corresponds to the total damage cost incurred from the accidents within that year.