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Selling insurance without a license without misappropriating premium funds is a ________.

1 Answer

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Answer:

Selling insurance without a license without misappropriating premium funds is a class 4 felony.

Step-by-step explanation:

The sale of insurance without a license without misappropriating funds is a class 4 felony that attracts a fine up $5,000 and 5 years imprisonment. This is in accordance with Illinois Laws Regulations.

User Lorna Mitchell
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