31A-23a-411.1 - Person's liability if premium received is not forwarded to the insurer.
31A-23a-411.1. Person's liability if premium received is not forwarded to theinsurer.
A person commits insurance fraud as described in Subsection 31A-31-103(1)(f) if thatperson knowingly fails to forward to the insurer a premium:
(1) received from one of the following in partial or total payment of the premium duefrom:
(a) an applicant;
(b) a policyholder; or
(c) a certificate holder; or
(2) collected from or on behalf of an insured employee under an insured employeebenefit plan.
Enacted by Chapter 252, 2003 General Session