§ 48.30A.050. Insurance antifraud plan -- Specific procedures
An insurer's antifraud plan must establish specific procedures to:
(1) Prevent insurance fraud, including internal fraud involving employees or company representatives, fraud resulting from misrepresentation on applications for insurance coverage, and claims fraud;
(2) Review claims in order to detect evidence of possible insurance fraud and to investigate claims where fraud is suspected;
(3) Report fraud to appropriate law enforcement agencies and cooperate with those agencies in their prosecution of fraud cases;
(4) Undertake civil actions against persons who have engaged in fraudulent activities;
(5) Train company employees and agents in the detection and prevention of fraud.
[1995 c 285 § 10.]
Sections: Previous 48.30A.005 48.30A.010 48.30A.015 48.30A.020 48.30A.030 48.30A.035 48.30A.040 48.30A.045 48.30A.050 48.30A.055 48.30A.060 48.30A.065 48.30A.070 48.30A.900 NextLast modified: April 7, 2009