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.
Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
