In an effort to combat insurance fraud, state legislatures across the country have passed a wide variety of bills this year that their governors have signed into law. While many other bills failed to make it to a governor’s desk for one reason or another, some that have been introduced may yet become law.
Despite these efforts, insurance fraud undoubtedly will remain a drain on our economy and on policyholders’ pocketbooks for quite some time to come. Nevertheless, the new laws should help insurance regulators and insurance carriers reduce insurance fraud to at least some degree.
Define the Crime
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