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Committee approves bill to expand insurance fraud definition, sponsor says it will curb premium-driving schemes
Summary
Senate Bill 24, backed by the National Insurance Crime Bureau, passed unanimously in committee; sponsor and witnesses said it broadens the definition of fraudulent insurance acts to address inflated repair estimates and billing schemes.
Senate Bill 24, which broadens the definition of a fraudulent insurance act to include misrepresentations about property damage and repair costs, passed unanimously in committee and was reported favorably with the committeeexpression that it should pass on the House floor.
Senator Rick Girdler, sponsor of the bill, described the measure as intended "to slow down fraud and to stop a little bit of fraud," and said fraud…
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