UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 36. Life Settlements Act |
§ 31A-36-118. Criminal penalties and restitution.
Latest version.
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(1) A person subject to this chapter is subject to: (a) Section 31A-2-308 for an administrative violation of this title; (b) prosecution under Section 76-6-412 for a criminal activity involving a life settlement; or (c) prosecution under Section 31A-31-103 for insurance fraud involving a life settlement. (2) A person found to be in violation of this chapter may: (a) be ordered to pay restitution to persons aggrieved by the violation; (b) be ordered to pay a forfeiture; (c) be imprisoned if found guilty of a criminal law by a court of competent jurisdiction; and (d) be subject to a combination of the penalties described in this Subsection (2). (3) Except for a fraudulent act committed by an owner, this section does not apply to the owner.
Amended by Chapter 355, 2009 General Session