New York A07305 strengthens penalties for insurance fraud, mandates investigations, and enhances accountability for state agencies.

New York A07305 amends the insurance law to increase penalties for insurance fraud, mandates investigations by state agencies, and enhances accountability. It establishes a multi-agency task force to detect, prevent, and prosecute insurance fraud. The bill also requires state agencies to report on challenges and recommendations for improving fraud enforcement. Additionally, it mandates a public education campaign to raise awareness about the economic and societal costs of insurance fraud.

New York A07305 strengthens penalties for insurance fraud, mandates investigations, and enhances accountability for state agencies.

New York A07305 amends the insurance law to increase penalties for insurance fraud, mandates investigations by state agencies, and enhances accountability. It establishes a multi-agency task force to detect, prevent, and prosecute insurance fraud. The bill also requires state agencies to report on challenges and recommendations for improving fraud enforcement. Additionally, it mandates a public education campaign to raise awareness about the economic and societal costs of insurance fraud.