Section 33-23-40 - Contracts issued by unauthorized persons not rendered unenforceable

Any contract of insurance issued by a person prohibited by this chapter from so issuing it shall not be rendered unenforceable by reason of the violation of this chapter, but all persons knowingly participating in the violation shall be subject to the provisions of Chapter 2 of this title.Amended by 2019 Ga. Laws 140,§ 17, eff. 7/1/2019.Amended without change by 2001 Ga. Laws 293, § 1, eff. 7/1/2002.