LD 1561
pg. 2
Page 1 of 7 An Act To Create an Insurance Fraud Unit within the Bureau of Insurance Page 3 of 7
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LR 2168
Item 1

 
1.__ Membership.__There are 9 members of the Board of Insurance
Fraud:

 
A.__Three members appointed by the Governor after nomination
by an association representing licensed insurance companies
in the State;

 
B.__Two members of the general public, appointed by the
Governor;

 
C.__Two representatives of State Government, one of whom is
appointed by the President of the Senate and one of whom is
appointed by the Speaker of the House of Representatives;

 
D.__One member appointed by the Superintendent of Insurance;
and

 
E.__One member appointed by the Governor after nomination by
a statewide association of licensed private investigators.

 
2.__Chair.__The Board of Insurance Fraud shall choose annually
one of its members to serve as chair.

 
3.__Duties and powers.__The duties and powers of the Board of
Insurance Fraud are:

 
A.__Appointing and overseeing the activities of the
director;

 
B.__In the absence of the director, appointing the chief
investigator;

 
C.__Approving the mission of the unit;

 
D.__Adopting rules to administer the unit and to carry out
the purposes of this chapter pursuant to section 2197;

 
E.__Adjudging fines against insurers and self-insurers for
violations of this chapter, provisions in this Title
concerning the reporting of insurance fraud and rules
adopted by the Board of Insurance Fraud and for misconduct
of special investigation groups under section 2194.__A fine
adjudged under this paragraph must be deposited in the
Insurance Fraud Fund under section 2196, subsection 2;

 
F.__Reviewing and approving the budget for the unit
submitted by the director;

 
G.__Assisting the superintendent in carrying out the
purposes of this chapter; and


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