HLS 12RS-588 ENGROSSED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2012 HOUSE BILL NO. 569 BY REPRESENTATIVE HUNTER INSURANCE CLAIMS: Clarifies terms relative to duties to report insurance fraud AN ACT1 To amend and reenact R.S. 22:1926(A), relative to insurance fraud; to clarify terms relative2 to insurance fraud; and to provide for related matters.3 Be it enacted by the Legislature of Louisiana:4 Section 1. R.S. 22:1926(A) is hereby amended and reenacted to read as follows: 5 ยง1926. Duties of companies and others6 A. Any person, company, or other legal entity including but not limited to7 those engaged in the business of insurance, including agents, brokers, and adjusters,8 which believes suspects that a fraudulent claim insurance act will be, is being, or has9 been committed is being made, shall, within sixty days of the receipt of such notice,10 send to the section of insurance fraud, on a form prescribed by the section, the11 information requested and such additional information relative to the claim insurance12 act and the parties claiming loss or damages because of an occurrence or accident as13 the section may require. The section of insurance fraud shall review such reports and14 select such claims insurance acts as, in its judgment, may require further15 investigation. It shall then cause an independent examination of the facts16 surrounding such claim insurance act to be made to determine the extent, if any, to17 which fraud, deceit, or intentional misrepresentation of any kind exists in the18 submission of the claim insurance act.19 * * *20 HLS 12RS-588 ENGROSSED HB NO. 569 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Hunter HB No. 569 Abstract: Clarifies terms relative to insurance fraud. Present law provides that any person, company, or other legal entity which believes that a fraudulent claim is being made, shall report it to the insurance fraud section of the Dept. of Insurance within 60 days on a form prescribed by the section. The insurance fraud section will review the report and determine whether fraud has been committed. Proposed law changes and broadens the relevant terminology from a "fraudulent claim" that is being made to a "fraudulent act" that will be, is being, or has been committed. Provides that any person, company, or legal entity that suspects that a fraudulent act, not only a claim, will be, is being, or has been committed shall report such suspicion to the insurance fraud section. (Amends R.S. 22:1926(A))