Section 31A-36-118 - Criminal penalties and restitution(1) A person subject to this chapter is subject to: (a) Section 31A-2-308 for an administrative violation of this title;(b) prosecution under Title 76, Chapter 6, Part 4, Theft, for criminal activity involving a life settlement; or(c) prosecution under Section 31A-31-103 for insurance fraud involving a life settlement.(2) A person found to be in violation of this chapter may: (a) be ordered to pay restitution to persons aggrieved by the violation;(b) be ordered to pay a forfeiture;(c) be imprisoned if found guilty of a criminal law by a court of competent jurisdiction; and(d) be subject to a combination of the penalties described in this Subsection (2).(3) Except for a fraudulent act committed by an owner, this section does not apply to the owner.Amended by Chapter 111, 2023 General Session ,§ 6, eff. 5/3/2023.Amended by Chapter 355, 2009 General Session.