Arizona § 20-3215 Penalties

Arizona Statutes

§ 20-3215 — Penalties

Arizona § 20-3215

Title 20Arizona Revised Statutes

Ch. 22LIFE SETTLEMENTS

Art. 1General Provisions

This text of Arizona § 20-3215 (Penalties) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-3215 (2026).

Text

A.It is a violation of this chapter for any person, provider, broker or party related to the business of life settlements to commit a fraudulent life settlement act.

B.A person who commits a fraudulent life settlement act is guilty of committing insurance fraud and is subject to section 20-466.01.

C.The director may seek an injunction and an order of restitution and may levy a civil penalty pursuant to section 20-466.02 on any person who is licensed pursuant to this chapter and who is found to have committed a fraudulent life settlement act or to have violated any other provision of this chapter.

D.The director may deny, suspend for not more than twelve months, revoke or refuse to renew the license of a person who commits a fraudulent life settlement act.

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A. It is a violation of this chapter for any person, provider, broker or party related to the business of life settlements to commit a fraudulent life settlement act.

B. A person who commits a fraudulent life settlement act is guilty of committing insurance fraud and is subject to section 20-466.01.

C. The director may seek an injunction and an order of restitution and may levy a civil penalty pursuant to section 20-466.02 on any person who is licensed pursuant to this chapter and who is found to have committed a fraudulent life settlement act or to have violated any other provision of this chapter.

D. The director may deny, suspend for not more than twelve months, revoke or refuse to renew the license of a person who commits a fraudulent life settlement act.