The Delaware Department of Insurance reissued a Bulletin addressed to all insurance companies, domestic and foreign, to remind them of the state’s mandatory insurance fraud reporting requirement. Delaware Insurance Code, Chapter 24 Insurance Fraud, § 2408 Duties of insurers, states that any insurer that has a reasonable belief that insurance fraud is being, or has been, committed must send any and all information relating to the fraud to the Delaware Insurance Fraud Prevention Bureau, on a form authorized by the Bureau.
The Bulletin was originally published in 2003 and required insurers to report fraud using the Model Uniform Suspected Insurance Fraud Reporting Form developed by the NAIC. A later revision of the Bulletin updated the Department’s website to provide access to the Form for insurers who were not users of the NAIC Online Fraud Reporting System (OFRS).
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