Section R590-222-12 - Reporting of Fraud(1) A life settlement licensee that knows or suspects that any person violated or will violate Section 31A-36-113, shall, upon acquiring the knowledge, promptly notify the commissioner and provide a complete and accurate statement of all relevant facts and circumstances.(2) Any other person acquiring such knowledge may furnish the information to the commissioner in the same manner.(3) The fraud report is a protected communication and when made without actual malice does not subject the person making the report to liability.(4) The commissioner may suspend, revoke, or refuse to renew the license of a person who fails to comply with this section.Utah Admin. Code R590-222-12
Amended by Utah State Bulletin Number 2023-15, effective 7/25/2023