SB 460 - Koster, Chris
Increases the penalties for those who engage in fraudulant actions with respect to an insurance transaction
Bill Details
Sponsor
LR Number
1842S.01I
Title
SB 460
House Handler
N/A
Journal Page
Effective Date
August 28, 2005
Current Status
Second Read and Referred S Small Business, Insurance & Industrial Relations Committee
Quick Links
Amendments
No amendments available
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