Louisiana Revised Statutes 40:1427 – Reports
Terms Used In Louisiana Revised Statutes 40:1427
- Fraud: Intentional deception resulting in injury to another.
- Fraud support unit: means the insurance fraud support unit within the Department of Justice. See Louisiana Revised Statutes 40:1421
- Insurance fraud: means any commission or attempted commission of criminal acts or practices as provided in Louisiana Revised Statutes 40:1421
- Insurance fraud section: means the insurance fraud section within the Louisiana Department of Insurance. See Louisiana Revised Statutes 40:1421
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- unit: means the insurance fraud investigation unit within the Department of Public Safety and Corrections, office of state police. See Louisiana Revised Statutes 40:1421
The insurance fraud investigation unit, fraud support unit, and insurance fraud section shall submit a combined annual report to the governor and the insurance committees of each house of the legislature no later than February fifteenth of each year on the progress made in deterring insurance fraud. Such report shall detail:
(1) All expenditures and receipts of the insurance fraud investigation unit, fraud support unit, and insurance fraud section.
(2) The uses to which these funds were put, including payment of salaries and expenses, purchases of equipment and supplies, and other expenditures by type.
(3) The results achieved as a consequence of such expenditures, including the number of notifications or inquiries received, the number of inquiries and investigations undertaken, the number of inquiries to which an investigation was not initiated, the number of arrests, the number of files presented to prosecutors, the number of prosecutions, the number of convictions, and the total dollar amount of restitution resulting from the operation of the insurance fraud investigation unit, fraud support unit, and insurance fraud section, as applicable to each.
Acts 1999, No. 1312, §4, eff. Jan. 1, 2000; Acts 2010, No. 1013, §2, eff. July 1, 2010.
NOTE: See La. Rev. Stat. 40:1429 regarding termination date of Subpart on July 1, 2024.