California Insurance Code 1872.86 – (a) An insurer doing business in this state shall pay an annual …
(a) An insurer doing business in this state shall pay an annual special purpose assessment to be determined by the commissioner, not to exceed five thousand one hundred dollars ($5,100), to be used exclusively for the support of the Fraud Division. All moneys received by the commissioner from insurers pursuant to this section shall be transmitted to the Treasurer to be deposited in the State Treasury to the credit of the Insurance Fund.
(b) The Fraud Division shall report annually, on the department’s Internet Web site, all of the following information:
Terms Used In California Insurance Code 1872.86
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Fraud: Intentional deception resulting in injury to another.
- Insurer: includes the California FAIR Plan. See California Insurance Code 1875
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
(1) The number of suspected fraudulent claim referrals made to the Fraud Division pursuant to Section 1872.4, by line of insurance.
(2) The number of investigations opened by the Fraud Division, by line of insurance, at the local, state, and federal levels.
(3) The number of investigations referred by the Fraud Division for criminal prosecution, by line of insurance, at the local, state, and federal levels.
(4) The number of insurer fraud cases investigated by the department’s Enforcement Branch.
(5) The number of criminal complaints filed by prosecutors at the local, state, and federal levels.
(6) The number of convictions at the local, state, and federal levels.
(7) The total amount of court-ordered restitution, and the amount collected by the courts for the victims.
(8) The number of training presentations focusing on the current schemes and trends, investigative tools and techniques, and proper reporting requirements needed to increase the quality of suspected fraudulent referrals by insurance industry special investigation units.
(9) The number of vacant peace officer positions, including information on the number and rate of vacancies for which an employment commitment has been made and on the number and rate of vacancies required to meet budgeted salary savings requirements.
(Amended by Stats. 2008, Ch. 179, Sec. 172. Effective January 1, 2009.)