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 provisionof 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 anyrule adopted or order issued under this chapter, and when such violation results in a loss ofmore 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 personto comply with the licensing requirements of this chapter, to the attorney general or theproper county attorney who may, with or without such reference, institute the appropriatecriminal proceedings under this chapter. 2008 Acts, ch 1155, §18 Sat Dec 23 00:41:32 2023 Iowa Code 2024, Section 508E.18 (16, 0)
Iowa Legal Code