North Dakota Asks For Fraud Reports

NU Online News Service, Aug. 4, 2003, 3:24 p.m. EDT – A new North Dakota law requires insurance agents and others in the insurance business to notify regulators about cases of suspected insurance fraud.

Jim Poolman, the state’s insurance commissioner, is asking industry members to report suspicious activity within 60 days of determining that they have a “reasonable belief” that fraudulent acts have been committed, are being committed or will be committed.