Utah Statutes
§ 31A-36-118 — Criminal penalties and restitution.
(1)A person subject to this chapter is subject to:
(1)(a) Section 31A-2-308 for an administrative violation of this title;
(1)(b) prosecution under Title 76, Chapter 6, Part 4, Theft, for criminal activity involving a life settlement; or
(1)(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:
(2)(a) be ordered to pay restitution to persons aggrieved by the violation;
(2)(b) be ordered to pay a forfeiture;
(2)(c) be imprisoned if found guilty of a criminal law by a court of competent jurisdiction; and
(2)(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.
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Legislative History
Amended by Chapter 111, 2023 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.