§ 58-58-267. Fraud warning required. - North Carolina Statutes

§ 58‑58‑267. Fraud warning required.

(a)        Viatical settlementcontracts and purchase agreement forms and applications for viaticalsettlements, regardless of the form of transmission, shall contain thefollowing statement or a substantially similar statement:

"Any person who knowingly presents falseinformation in an application for insurance or viatical settlement contract ora viatical settlement purchase agreement is guilty of a felony and may besubject to fines and confinement in prison."

(b)        The lack of astatement as required in subsection (a) of this section does not constitute adefense in any prosecution for a fraudulent viatical settlement act. (2001‑436, s. 3.)