Hawaii SB2948 strengthens insurance fraud prevention and enforcement mechanisms.

Hawaii SB2948 amends the state insurance code to enhance insurance fraud prevention and enforcement. The bill defines insurance fraud, including misrepresentations, false advertising, and unfair discrimination. It establishes penalties for insurance fraud, including fines and imprisonment. The bill also mandates reporting of suspected fraud, creates a centralized insurance fraud database, and allows for interagency data sharing. It prohibits certain practices during declared emergencies, such as false advertising and post-loss assignment coercion.

Hawaii SB2948 strengthens insurance fraud prevention and enforcement mechanisms.

Hawaii SB2948 amends the state insurance code to enhance insurance fraud prevention and enforcement. The bill defines insurance fraud, including misrepresentations, false advertising, and unfair discrimination. It establishes penalties for insurance fraud, including fines and imprisonment. The bill also mandates reporting of suspected fraud, creates a centralized insurance fraud database, and allows for interagency data sharing. It prohibits certain practices during declared emergencies, such as false advertising and post-loss assignment coercion.