Loading chat...
NY A06878
Bill
Status
3/18/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
-
Allows any person (except licensed insurance professionals already required to report) to report suspected insurance fraud to the attorney general, district attorney, or insurance frauds bureau
-
Creates a financial incentive awarding reporters 40% of the proceeds from any legal action that results from their tip
-
Applies when the insurance frauds bureau recommends prosecution or when the attorney general/district attorney commences an action based on the provided information
-
Requires the court to determine the final award amount based on how substantially the person contributed to the prosecution of the case
-
Takes effect immediately and applies to all fraud reports made on or after the effective date
Legislative Description
Provides that any person who provides information to the attorney general, a district attorney or the insurance frauds bureau concerning a fraudulent insurance transaction or with information about a fraudulent insurance transaction that is about to take place may be entitled to an award of forty percent of the action or claim relating to such fraudulent action.
Last Action
referred to insurance
1/7/2026