31A-36-118 - Criminal penalties and restitution.
31A-36-118. Criminal penalties and restitution.
(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 theowner.
Amended by Chapter 355, 2009 General Session