§ 23-100-101. Title
This chapter shall be known as the “State Insurance Department Criminal Investigation Division Trust Fund Act”.
§ 23-100-102. Insurers’ payment extensions — Penalties for non-compliance — Insurance Commissioner’s waiver for impaired or insolvent insurers
(a) (1) The Insurance Commissioner may grant any licensed insurer an extension for payment of the antifraud assessment for good cause shown, upon written application of the licensed insurer received at the State Insurance Department on or before each annual due date. (2) Absent the commissioner’s approval of such an extension for good cause, licensed […]
§ 23-100-103. State Insurance Department Criminal Investigation Division Trust Fund — Creation
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “State Insurance Department Criminal Investigation Division Trust Fund” to be used to defray the expenses of the Criminal Investigation Division in the discharge of […]
§ 23-100-104. Antifraud assessment
(a) (1) (A) Each licensed insurer shall pay into the State Insurance Department Criminal Investigation Division Trust Fund a nonrefundable antifraud assessment as directed by the Insurance Commissioner for the reasonable and necessary expenses and operation of the Criminal Investigation Division. (B) As used in this section, “licensed insurer” includes a: (i) Licensed stock and […]
§ 23-100-105. Insurers’ antifraud fees — Deposit into State Insurance Department Criminal Investigation Division Trust Fund
The Insurance Commissioner shall deposit all antifraud assessments and any penalties assessed under this chapter, as well as any other income received for purposes set out in § 23-100-103(a), into the State Insurance Department Criminal Investigation Division Trust Fund as special revenues.
§ 23-100-106. Rules
The Insurance Commissioner may promulgate reasonable rules deemed necessary for the administration of this chapter.
§ 23-100-107. State Insurance Department Criminal Investigation Division Trust Fund — Department vouchers and Auditor of State warrants
(a) All antifraud assessments, penalties, and revenues provided in this chapter received as special revenues for the State Insurance Department Criminal Investigation Division Trust Fund and deposited therein shall be deemed for all purposes special revenues of the fund and of the State Insurance Department for the sole support, operation, and maintenance of the Criminal […]