SB 460
Increases the penalties for those who engage in fraudulant actions with respect to an insurance transaction
Sponsor:
LR Number:
1842S.01I
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

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

Amendments