31A-23a-411.1. Person's liability if premium received is not forwarded to the insurer.
89 words·~1 min read·
/ut/title-31a/chapter-23a/31a-23a-411-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/14/2019
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)(g) 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.
Amended by Chapter 193 , 2019 General Session