HCS HB 866 -- INSURANCE FRAUD

This bill specifies that it is illegal for any person to engage
in a fraudulent scheme, make a false statement, or conceal a
material fact relating to an insurance transaction.  The person
may 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.

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