ALA LEG Insurance Fraud Enforcement
On May 16, ALA LEG enacted bill on enforcement of insurance fraud.
- ALA LEG enacted bill HB 140 on enforcement powers for insurance fraud investigation.
- Amends ALA INS 27-12A-6 and ALA INS 27-12A-40 of the Code of Alabama.
- Bill Provisions
- Increases statute of limitations for prosecutions of insurance fraud after violation.
- Specifies that investigators would have the powers vested in law enforcement officers.
- Including the power of arrest and service of process, for any violations of State law.
- Legislative History
- On Feb. 7, 2024, bill was introduced in House; on Feb. 20, 2024, bill passed House.
- On Feb. 20, 2024, bill was introduced in Senate; on May 8, 2024, bill passed Senate.
- On May 8, 2024, bill was enrolled; on May 16, 2024, bill enacted as Act 2024-382.
- Effectiveness
- This act shall become effective on Oct. 1, 2024.
| Regulators |
ALA LEG
|
| Entity Types |
Ins |
| Reference |
Act 2024-382, Bill HB140, 5/16/2024 |
| Functions |
Compliance; Financial; Fraud; Legal; Operations |
| Countries |
United States of America |
| Category |
|
| State |
|
| Products |
Insurance |
| Regions |
Am |
| Rule Type |
Final |
| Rule Date |
5/16/2024 |
| Effective Date |
10/1/2024 |
| Rule Id |
212545 |
| Linked to |
N/A
|
| Reg. Last Update |
5/16/2024 |
| Report Section |
US Insurance |
Last substantive update on 05/21/2024
