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 provision of 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 any rule adopted or order issued under this chapter , and when such violation results in a loss of more 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 person to comply with the licensing requirements of this chapter , to the attorney general or the proper county attorney who may, with or without such reference, institute the appropriate criminal proceedings under this chapter . 2008 Acts, ch 1155, §18