508E.18 Criminal penalties.
1. a. A person acting in this state as a viatical settlement provider or viatical settlement broker, without being licensed pursuant to section 508E.3, who willfully violates any provision of this chapter or any rule adopted or order issued under this chapter, is guilty of a class “D” felony.
b. A person acting in this state as a viatical settlement provider or viatical settlement broker, without proper licensure, who willfully violates any provision of this chapter, or any rule adopted or order issued under this chapter, and when such violation results in a loss of more than ten thousand dollars, is guilty of a class “C” felony.
2. The commissioner may refer such evidence as is available concerning violations of this chapter or of any rule adopted or order issued under this chapter, or of the failure of a person to comply with the licensing requirements of this chapter, to the attorney general or the proper county attorney who may, with or without such reference, institute the appropriate criminal proceedings under this chapter.
2008 Acts, ch 1155, §18
Structure Iowa Code
Chapter 508E - VIATICAL SETTLEMENT CONTRACTS
Section 508E.1A - Authority of the commissioner.
Section 508E.3 - License requirements.
Section 508E.3A - Immunity from liability.
Section 508E.4 - License revocation and denial.
Section 508E.5 - Approval of viatical settlement contracts and disclosure statements.
Section 508E.6 - Reporting requirements and privacy.
Section 508E.7 - Examination or investigations.
Section 508E.8 - Disclosure to viator.
Section 508E.9 - Disclosure to insurer.
Section 508E.10 - General rules.
Section 508E.11 - Prohibited practices.
Section 508E.12 - Permitted practices.
Section 508E.13 - Prohibited practices and conflicts of interest.
Section 508E.14 - Advertising for viatical settlements.
Section 508E.15 - Fraud prevention and control.
Section 508E.16 - Injunctions — civil remedies — cease and desist orders — civil penalty.
Section 508E.17 - Unfair trade practices.
Section 508E.18 - Criminal penalties.