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2021 Utah Code
Title 31A - Insurance Code
Chapter 36 - Life Settlements Act
Section 118 - Criminal penalties and restitution.
Universal Citation:
UT Code § 31A-36-118 (2021)
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31A-36-118. Criminal penalties and restitution.
Amended by Chapter 355, 2009 General Session
- (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
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