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NY A10224
Bill
Status
2/12/2026
Primary Sponsor
David Weprin
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AI Summary
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Creates two new class E felonies: staging a construction site accident for insurance fraud and auto insurance fraud involving staged collisions or fabricated claims
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Expands the definition of "person" liable for insurance fraud to include purported injured workers, attorneys, physicians, and anyone who knowingly participates in or facilitates fraudulent schemes
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Imposes enhanced penalties for convictions including mandatory restitution to insurers, civil penalties up to $5,000 plus the fraudulent claim amount, and exclusion from state-regulated insurance benefits for up to two years
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Requires insurers to report suspected fraud to law enforcement, cooperate with investigations, and submit annual aggregate fraud data to the legislature
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Takes effect 180 days after becoming law, with the Superintendent of Financial Services required to promulgate implementing regulations within that timeframe
Legislative Description
Enacts the "fraudulent claims reduction and unlawful deception act" or "FRAUD act"; establishes the crimes of staging a construction site accident for insurance fraud and auto insurance fraud involving staged collisions and fabricated claims; provides for enhanced penalties and enforcement for construction site and auto claims fraud.
Last Action
referred to codes
2/12/2026