Above and Beyond Autos
“Insurance fraud in the islands is not solely committed against automobile insurance, and the state’s effort should not be restricted to a single line of insurance.”
—Coalition Against Insurance Fraud applauding Hawaii’s new law that expands the authority of the insurance division’s insurance fraud investigations unit, renames the insurance fraud investigation branch to prevent, investigate and prosecute insurance fraud beyond motor vehicle insurance cases to all lines of insurance except workers’ compensation.
Simplifying Surplus Lines
“This bill would simplify the tax remittance and compliance responsibilities surplus lines brokers must discharge and bring efficiency and cost reduction of regulatory compliance in placements with multi-state exposures.”
—Richard Bouhan, executive director of the National Association of Professional Surplus Lines Offices, commenting on the Nonadmitted and Reinsurance Reform Act (NRRA) of 2009, or S 1363. The legislation would create a uniform regulatory system, while preserving the role of the state regulator, supporters say. The bill was introduced by Sens. Evan Bayh, D-Ind. and Mel Martinez, R-Fla.
Topics Legislation Fraud
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