Criminal penalties and restitution.

  1. Law
  2. Utah Code
  3. Insurance Code
  4. Life Settlements Act
  5. Criminal penalties and restitution.

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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.




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