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(a) An insurer not thereunto authorized by the Commissioner shall not solicit insurance business in this territory, nor transact insurance business in this territory except as provided in this chapter.
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(b) No person may, in this territory, represent an unauthorized insurer or solicit, negotiate, or effectuate any insurance with or place any risks with any such unauthorized insurer, or in any way or manner aid any such insurer in effecting any insurance, except as specifically provided in this chapter. This provision does not prohibit an adjuster or attorney at law from representing such an unauthorized insurer from time to time in this territory in his professional capacity.
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(c) Each violation of this section shall constitute a separate offense punishable by a fine of not less than $50 nor more than $1,000.