SB3933 amends the Illinois Insurance Code to require insurers to report suspected fraudulent claims, applications, or premium fraud to the Attorney.
SB3933 amends the Illinois Insurance Code to mandate that insurers report information pertinent to suspected fraudulent insurance claims, fraudulent applications, or premium fraud to the Attorney General, the National Insurance Crime Bureau, or the National Association of Insurance Commissioners. The bill removes provisions concerning the Director's designation of data processing organizations or governmental agencies to assist in gathering and compiling fraud information.
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- Legal Framework
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