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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Insurers shall have antifraud initiatives reasonably calculated to detect, report, prosecute, and prevent fraudulent insurance acts. Antifraud initiatives may include:
(1) Fraud investigators, who may be insurer employees or independent contractors; or
(2) An antifraud plan.
(b) A person engaged in the business of insurance having knowledge or a reasonable belief that a fraudulent insurance act is being, will be, or has been committed shall provide such information to the governmental unit responsible for investigation of such act, or if no such unit exists, to the commissioner.
Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-54.1-5. Insurer antifraud initiatives - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-54-1-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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