California Insurance Code

§ 1872.86

INS § 1872.86 Effective Jan 1, 2009Div. 1 · Part 2 · Ch. 12 · Art. 2

Statute text

(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:

(1)The number of suspected fraudulent claim referrals made to the Fraud Division pursuant to Section 1872.4, by line of insurance.

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Legislative history

Amended by Stats. 2008, Ch. 179, Sec. 172. Effective January 1, 2009.