Anti-Fraud Legislation Nearing House Floor Vote

A bill that would require insurers to crack down on fraud by creating investigative units is nearing a House floor vote. HB 1007 was placed on third reading Friday. If passed, every insurer, regardless of size, would be required by Dec. 31 to establish and maintain a designated anti-fraud unit or enter a contract with another entity that would investigate and report possible fraud. Insurers would have to adopt an anti-fraud plan and designate at least one employee to implement HB 1007’s requirements. Annual reports would be required to be submitted to the state Division of Investigati...