§27-54.1-5  Insurer antifraud initiatives. –


Published: 2015

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TITLE 27

Insurance

CHAPTER 27-54.1

Anti-Fraud Act

SECTION 27-54.1-5



   § 27-54.1-5  Insurer antifraud initiatives.

–

(a) Insurers shall have antifraud initiatives reasonably calculated to detect,

report, prosecute and prevent fraudulent insurance acts, antifraud initiatives

may include:



   (1) Fraud investigators, who may be insurer employees or

independent contractors; or



   (2) An antifraud plan.



   (b) A person engaged in the business of insurance having

knowledge or a reasonable belief that a fraudulent insurance act is being, will

be or has been committed shall provide such information to the governmental

unit responsible for investigation of such act, or if no such unit exists to

the commissioner.



History of Section.

(P.L. 2010, ch. 54, § 1; P.L. 2010, ch. 71, § 1.)