SB 460 Increases the penalties for those who engage in fraudulant actions with respect to an insurance transaction
Sponsor: Koster
LR Number: 1842S.01I Fiscal Note:
Committee: Small Business, Insurance & Industrial Relations
Last Action: 3/2/2005 - Second Read and Referred S Small Business, Insurance & Industrial Relations Committee Journal Page: S338
Title: Calendar Position:
Effective Date: August 28, 2005

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Current Bill Summary


SB 460 - Under this act, any person who employs a fraudulent scheme, makes a false statement of material fact, or engages in other fraudulent practices with respect to an insurance transaction shall be fined not more than $100,000 or imprisoned not more than 10 years, or both. A court may also order that a person convicted of insurance fraud to pay restitution.

STEPHEN WITTE