North Dakota Asks For Fraud Reports

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

North Dakota officials have posted a link to the fraud reporting notice at http://www.state.nd.us/ndins/deptpubs/legal-docs-home.htm.


Reproduced from National Underwriter Life & Health/Financial Services Edition, August 11, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.