LD 1561
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LD 1561 Title Page RESOLVE Chapter 47 LD 1561 Title Page
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LR 2168
Item 1

 
CHAPTER 47

 
H.P. 1099 - L.D. 1561

 
Resolve, To Study the Feasibility of Establishing an

 
Insurance Fraud Unit within the Bureau of Insurance

 
Sec. 1. Feasibility study; report. Resolved: That the Superintendent of
Insurance shall study, in consultation with other state agencies and
interested persons, the feasibility of establishing an organizational
unit within the Department of Professional and Financial Regulation,
Bureau of Insurance dedicated to the investigation, prosecution and
prevention of insurance fraud, including, but not limited to, the
fraudulent conduct of consumers, insurance producers and insurers. By
December 5, 2005 the Superintendent of Insurance shall submit a report on
the feasibility study to the Joint Standing Committee on Insurance and
Financial Services. The report must include the superintendent's
findings and recommendations, including any suggested legislation,
regarding the feasibility of establishing, implementing and funding an
insurance fraud unit. Following receipt and review of the report, the
Joint Standing Committee on Insurance and Financial Services may report
out a bill related to the report to the Second Regular Session of the
122nd Legislature.


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