HB866 - Increases the penalties for those who engage in fraudulent actions with respect to an insurance transaction

HB 866

Increases the penalties for those who engage in fraudulent actions with respect to an insurance transaction

Sponsor:
LR Number:	2125L.02T	Fiscal Note:	2125-02
Committee:	Small Business, Insurance & Industrial Relations
Last Action:	7/12/2005 - Signed by Governor	Journal Page:
Title:	HCS HB 866	Calendar Position:
Effective Date:	August 28, 2005
House Handler:	Wilson

List of 2005 Senate Bills

Current Bill Summary

HCS/HB 866 - 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. The act also provides that the director may refer evidence of fraudulent insurance acts to the appropriate prosecuting attorney for criminal proceedings.

STEPHEN WITTE