§ 176.55 Life settlement fraud in the third degree. A  person  is guilty of life settlement fraud in the third degree when  he  or  she  commits  a  fraudulent  life  settlement  act  and  thereby  wrongfully  takes, obtains or withholds, or attempts to wrongfully take,  obtain or withhold property with a value in  excess  of  fifty  thousand  dollars. Life settlement fraud in the third degree is a class D felony.