GOV. SIGNS FRAUD LEGISLATION
Texas Gov. Rick Perry has signed legislation making it tougher on criminals who commit insurance fraud in the state, according Texas Committee on Insurance Fraud, which strongly supported the measures.
Senate Bill 871 by State Sen. Eddie Lucio of Brownsville gives prosecutors a stronger hand in sentencing criminals who intentionally, knowingly or recklessly commit insurance fraud.
House Bill 2388 by State Rep. Senfronia Thompson of Houston will help state officials determine how bad insurance fraud is in Texas. HB 2388 calls for every insurance company in Texas to report their cases of insurance fraud to the Texas Department of Insurance Fraud Unit. For the first time fraud investigators will know how prevalent the crime is, its cost and where it is taking place.
HB 3376 by State Rep. Larry Taylor of League City extends the statute of limitations in fighting insurance fraud from three to five years, increases penalties, more clearly defines the act of insurance fraud and strengthens the money laundering statute.
The committee also supported language in HB 7 that addressed workers’ compensation fraud. HB 7 was signed on June 1.
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