Title 31A Chapter 23a Section 411.1
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Insurance Code | |
Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries | |
Section 411.1 | Person's liability if premium received is not forwarded to the insurer. |
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31A-23a-411.1. Person's liability if premium received is not
forwarded to the insurer.
A person commits insurance fraud as described in Subsection 31A-31-103(1)(f) if that person knowingly fails to forward to the insurer a premium: (1) received from one of the following in partial or total payment of the premium due from: (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 employee benefit plan. Enacted by Chapter 252, 2003 General Session | |
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