Colorado Stiffens Fraud Penalties

May 23, 2014

Colorado’s state legislature has passed a bill to strengthen its insurance fraud law, announced the Coalition Against Insurance Fraud. Scammers with prior fraud convictions will face stiffer felony penalties, and agents and brokers also could lose their licenses if convicted.

Investigators took an active role in grassroots lobbying in Colorado. The Coalition teamed with the International Association of SIUs to launch an online letter-writing campaign. More than 50 investigators sent letters supporting the bill. One letter landed a bill co-sponsor when the investigator struck up a dialogue with his state legislator about the impact of fraud on Colorado residents.

More than 100 anti-fraud bills have been introduced in state legislatures this year with 19 enacted so far.

Source: Coalition Against Insurance Fraud

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