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NY A02109
Bill
Status
1/23/2023
Primary Sponsor
Kenneth Blankenbush
Click for details
AI Summary
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Establishes the New York automobile insurance fraud and premium reduction act, creating certification requirements for managed care organizations providing medical services to injured persons under auto insurance policies.
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Extends claim filing deadlines from 30 to 45 days for proof of medical services and treatment, and requires proof of medical services to be submitted within 45 days of service delivery to insurers.
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Creates compensation for fraud reporting: individuals who report insurance fraud to law enforcement and lead to prosecution receive 15-25% of settlement proceeds, up to $25,000 maximum.
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Increases penalties for insurance fraud offenses across all degrees and creates new felony offenses including "unlawful procurement of clients, patients or customers" (runner activity) and new aggravated insurance fraud charges.
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Appropriates $3,100,000 to district attorneys for detecting, identifying and prosecuting auto insurance fraud, and requires the superintendent of financial services to recommend one-time auto insurance premium reductions based on fraud reduction savings within 18 months.
Legislative Description
Enacts the New York automobile insurance fraud and premium reduction act; provides that this act is aimed at reducing insurance fraud and thus lowering the cost of insurance premiums; provides a provision for compensation to a person that reports insurance fraud to the authorities; further provides that this act also increases the penalty for insurance fraud; appropriates $3,100,000 therefor.
Last Action
referred to insurance
1/3/2024