Section 499. Violations and penalties

Any  person  who  violates  or
  participates in the violation of any provision of this article,  or  who
  knowingly  makes  any  incorrect  statement  of  a  material fact in any
  application, report or statement filed pursuant to this article, or  who
  knowingly  omits  to  state  any  material  fact  necessary  to give the
  superintendent any information lawfully required by him  or  refuses  to
  permit  any  lawful  investigation  or examination, shall be guilty of a
  misdemeanor and, upon conviction, shall be  fined  not  more  than  five
  hundred  dollars  or imprisoned for not more than six months or both, in
  the discretion of the court.