What is NOT a penalty for unlawfully acting as an insurer without a certificate of authority?

In the context of penalties for unlawfully acting as an insurer without a certificate of authority, the correct choice indicates that an individual will not face a specific consequence associated with a five-year ban from practicing insurance. Typically, penalties for such unlawful actions can include fines, misdemeanor charges, and potential jail time. However, a specific ban for five years is not a standard consequence outlined in regulatory frameworks for this type of violation.

The penalties usually involve financial repercussions, such as fines that may be significant, but a direct ban from practicing insurance for a specified duration is not commonly enforced. Most regulatory measures focus on deterring future illegal conduct through fines and potential incarceration rather than outright bans for set periods. This distinction helps clarify why the five-year ban is not considered a standard penalty in this situation.