HCS HB 866 -- INSURANCE FRAUD (Wilson, 130)

COMMITTEE OF ORIGIN:  Insurance Policy

This substitute specifies that it is illegal for any person to
employ a fraudulent scheme or make a false statement or
concealment of a material fact relating to an insurance
transaction.  The person can be fined not more than $100,000, be
imprisoned for not more than 10 years, or both.  A court may also
order restitution be paid to the victim in an amount equal to
twice the loss due to the offense and order the Department of
Insurance to revoke the offender's insurance license.

FISCAL NOTE:  No impact on state funds in FY 2006, FY 2007, and
FY 2008.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm