Fraud Compliance Services
Various aspects of the insurance business require dealing with fraud-related issues. First Consulting’s Fraud Compliance Service addresses a number of these issues, including:
Fraud Warning Requirement
Definition of Fraud
Anti-Fraud Plan Requirements
Fraud Reporting Requirements
What information is included in the service?
Currently, the service includes:
Detailed information regarding state prescribed fraud warnings, including specific language required and types of forms on which a fraud warning is required.
Definitions of “fraudulent insurance activities” in each state, noting how these differ from the NAIC Insurance Fraud Prevention Act.
State-by-state requirements regarding mandatory anti-fraud initiatives, such as anti-fraud plans and special investigative units. Fraud plan content and filing requirements are noted as well.
Fraud reporting duties of insurance personnel, with information regarding confidentiality of and immunity from liability for such reports.
This information is provided in detailed summaries for each state and in an easy to read multi-state overview document. For a free virtual tour click here.
All of this is available on-line, with timely updates. Notices will be sent to all subscribers advising of new updates.
How Long Will I Have This Service?
The Fraud Compliance Service is sold as a 12 month subscription. To make sure you don’t have any lapse in your subscription, we will send you a renewal invoice during the 11th month of your service.
How Do I Subscribe?
Simply click on your choice below.
Or call 1-800-927-2730 and ask for Fraud Compliance Service assistance.
