What does the term "unlicensed activity" refer to in insurance?

The term "unlicensed activity" in insurance specifically refers to performing insurance-related services without holding a valid insurance license issued by the appropriate regulatory authority. In the context of Connecticut insurance laws, individuals or entities must be properly licensed to engage in activities such as selling insurance, advising clients, or negotiating insurance contracts. This licensing requirement is in place to ensure that consumers are protected and can trust that insurance professionals have met certain educational and ethical standards.

Performing insurance-related tasks without a valid license can result in legal penalties and fines for the unlicensed individual or entity. It is essential for anyone wanting to work in the insurance industry to understand and comply with these licensure requirements to operate legally and responsibly in their professional capacity.