The Oregon Senate has passed a bill that makes insurance fraud in claims a crime.
According to the insurance fraud bill, SB 401, fraud warnings would be mandatory on policies, noting that presenting a fraudulent claim for an insurance benefit or a payment for a loss or a recovery is a crime punishable by fines or imprisonment, or both.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
