Title 31A Chapter 23a Section 411.1

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.

            

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