LD 1990
pg. 7
Page 6 of 10 An Act To Create the Insurance Fraud Division within the Bureau of Insurance ... Page 8 of 10
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LR 3088
Item 1

 
A.__Prevent, detect and investigate all forms of insurance
fraud;

 
B.__Educate appropriate employees on the antifraud plan and
fraud detection;

 
C.__Provide for the hiring of or contracting for fraud
investigators; and

 
D.__Report insurance fraud to appropriate law enforcement
and regulatory agencies in the investigation and prosecution
of insurance fraud.

 
§7005.__Insurance fraud reporting immunity

 
1.__Information disclosed.__An authorized agency investigating
insurance fraud may, in writing, require the insurance company at
interest to release to the requesting agency any relevant
information or evidence determined to be important to the
authorized agency that the company may have in its possession
relating to the insurance fraud in question.__This information
includes, but is not limited to:

 
A.__A history of previous claims made by the insured;

 
B.__Insurance policy information relevant to fraud under
investigation and any application for that policy;

 
C.__Material relating to the investigation of a loss
including statements and proof of loss; and

 
D.__Policy premium payment records.

 
2.__Exchange of information.__An authorized agency or insurer
provided with information pursuant to this section may release or
provide that information to any other authorized agency or
insurer with an interest in the insurance fraud under
investigation.

 
3.__Right to receive upon request.__Any insurer providing
information to an authorized agency pursuant to this section has
the right, upon request, to receive other information relevant to
the fraud from that authorized agency within 30 days.

 
4.__Immunity.__In the absence of fraud, malice or bad faith,
any person, including, but not limited to, an insurer or
authorized agency, that furnished information relating to
suspected, anticipated or completed fraudulent insurance acts is
not liable for any damages in any civil action for furnishing the


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