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