Section 882.702 - Investment and Deposit of Funds; Criminal Penalty(a) A person commits an offense if the person is an officer or director of a mutual life insurance company and the person knowingly or wilfully violates or assents to the violation of Section 882.252.(b) An offense under this section is punishable by imprisonment in the Texas Department of Criminal Justice for a term of not more than five years or less than one year.Amended By Acts 2009, 81st Leg., R.S., Ch. 87, Sec. 25.121, eff. 9/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.