Relates to insurance fraud; establishes compensation for reporting fraud; creates new crimes; increases penalties; appropriates funds.
This bill amends the insurance, penal, and executive laws to address insurance fraud. It provides compensation to individuals who report suspected insurance fraud to authorities. It establishes new crimes for unlawful procurement of clients, patients, or customers, and for aggravated insurance fraud in the second and first degrees. It also increases penalties for insurance fraud. The bill appropriates $3,100,000 for these purposes.
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- Impact
- Legal Framework
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