31A-23a-411.1. Person’s liability if premium received is not forwarded to the insurer. A person commits insurancefraud 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:
Terms Used In Utah Code 31A-23a-411.1
Certificate: means evidence of insurance given to:
an individual who meets the requirements of Subsection (53)(b). See Utah Code 31A-1-301
Fraud: Intentional deception resulting in injury to another.
Insurance: includes :
(i)
a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;
(ii)
a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and
(iii)
a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301
Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes:
