Appropriations Committee Passes Anti-Fraud Measures

The Senate Appropriations Committee on Tuesday unanimously passed legislation to require insurers to create anti-fraud units and to keep fraud-fighting efforts confidential. SB 1012 would require every insurer, regardless of size, to adopt an anti-fraud plan, electronically file details of the plan with regulators and designate at least one employee to implement it. “An insurer must include the additional cost incurred in creating a distinct unit or division, hiring additional employees, or contracting with another entity to fulfill the requirements of this section, as an administrativ...