What are the penalties for selling insurance without a license in Georgia?

Selling insurance without a license in Georgia carries significant penalties, including fines and the possibility of criminal charges. Engaging in the business of insurance without the appropriate license is a serious violation of state insurance regulations. As a result, individuals caught selling insurance unlawfully can face hefty monetary penalties aimed at deterring such behavior. Additionally, depending on the circumstances, criminal charges may be pursued, potentially leading to more severe repercussions, such as a criminal record.

Other options such as warnings and fines only do not encapsulate the full extent of the legal consequences, while license suspension pertains to licensed agents who may have violated regulations after obtaining their license rather than those operating without one. Mandatory training sessions also do not directly relate to the consequences of unauthorized insurance sales, as these are generally focused on education rather than penalties. Thus, the correct answer reflects the serious nature of selling insurance without a license in Georgia and the legal implications associated with it.