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.
17 State Attorneys General Urge NY Court to Uphold Business Fraud Suit Against Trump 
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation 
Delta Air Lines Must Face Lawsuit Over ‘Window Seats’ With No Windows 
