The Colorado House has passed a bill to increase funding to help fight insurance fund by surcharging insurance companies. Insurers currently are charged $425 annually, and House Bill 1385 that amount to $561.
Revenue from this insurance fraud fee would be deposited in the Division’s newly created insurance fraud cash fund, and replaces the fixed insurance fraud fee, for the attorney general to direct toward investigations and prosecutions. The bill now is before the Senate for review.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s City National Bank Partnering With NSI to Offer Insurance Products 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
Head of EEOC Urges White Men to Report Discrimination 
Brown & Brown Files Suit Over Alleged Howden Poaching of 200+ Employees 
