Article archive / August 1, 2012
Originally published: . Volume 3, No. 12. Source pages: 8.
Representative Hunter and Senator Thompson introduced changes to the law regarding insurance fraud expanding the definition.The new law broadens terminology from a "fraudulent claim" to a "fraudulent act.” New law also expands prior law to instruct that “any person, company, or legal entity that suspects that any fraudulent act, not only a claim, will be, is being, or has been committed, shall report such suspicion to the insurance fraud section,” according to the legislative summary. The report must be in sixty days.
Investigations now will include not only claims, but insurance acts, and may require further investigation to determine the existence fraud, deceit, or intentional misrepresentation of any kind, noted the legislation, Act 201.
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