Any individual who sells or attempts to sell within this Commonwealth any contracts of or issued by any corporation or person subject to the requirements of this act, unless such corporation or person is licensed as herein provided, is guilty of a misdemeanor, and, upon conviction, shall be sentenced to pay a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000), or to undergo imprisonment for not more than one year, or both.
7 P.S. § 6061