[§431:9A-123.5] Reporting and accounting for premiums. (a) Every licensed producer shall have the responsibilities of a trustee for all premium and return premium funds received or collected under this article.
(b) The licensee, upon receipt of the funds, shall either:
(c) Any such licensee who, not being lawfully entitled to such funds, diverts or appropriates such funds or any portion of them to the licensee's own use, shall be subject to any penalties as provided by law. [L 2002, c 155, pt of §3]