The National Association of Insurance Commissioners has set up a new fraud reporting line to serve the life, health and property-casualty insurance industries. [@@]
The Online Fraud Reporting System is a secure Web section on the NAIC Web site that can help insurers meet state fraud-reporting mandates.
The hotline has been in its preliminary stages in the past 2 months with, any information reported going directly to the states and then to an NAIC database.
Starting in July, the tips will go directly to the NAIC, Kansas City, Mo., which then will direct the tips to the appropriate state insurance department. The agency also will keep the data in a database of its own.
Property-casualty industry representatives have expressed concern about possible duplication of efforts.