Section 507E.1 – Title.

507E.1 Title. This chapter may be cited as the “Iowa Insurance Fraud Act”. 94 Acts, ch 1072, §1, 9; 95 Acts, ch 185, §46

Section 507E.2 – Purpose.

507E.2 Purpose. An insurance fraud bureau is created within the insurance division. Upon a reasonable determination by the division, by its own inquiries or as a result of a complaint filed with the division, that a person has engaged in, is engaging in, or may be engaging in an act or practice that violates any […]

Section 507E.2A – Definitions.

507E.2A Definitions. As used in this chapter, unless the context otherwise requires: 1. “Insurance” means any and all contracts, arrangements, and agreements by or through which one party, for compensation, assumes risks of another party and promises to pay the second party or the second party’s nominee a certain or ascertainable sum of money on […]

Section 507E.3 – Fraudulent submissions — penalty.

507E.3 Fraudulent submissions — penalty. 1. For purposes of this chapter, “statement” includes, but is not limited to, any notice, statement, proof of loss, bill of lading, receipt for payment, invoice, account, estimate of property damage, bill for services, diagnosis, prescription, hospital or physician record, X ray, test result, or other evidence of loss, injury, […]

Section 507E.3A – Fraudulent sales practices — penalties.

507E.3A Fraudulent sales practices — penalties. 1. A person commits the offense of fraudulent sales practices if the person, with the intent to defraud another person in connection with any sale, solicitation, or negotiation of insurance in this state, willfully does any of the following: a. Employs any deception, device, scheme, or artifice to defraud. […]

Section 507E.4 – Examination of information outside the state.

507E.4 Examination of information outside the state. The bureau shall seek to obtain by request, any information related to the enforcement of this chapter in the possession of a person located outside the state. The bureau may designate a representative, including an official of the state where the information is located, to inspect the information […]

Section 507E.5 – Confidentiality.

507E.5 Confidentiality. 1. All investigation files, investigation reports, and all other investigative information in the possession of the bureau are confidential records under chapter 22 except as specifically provided in this section and are not subject to discovery, subpoena, or other means of legal compulsion for their release until opened for public inspection by the […]

Section 507E.6 – Duties of insurer.

507E.6 Duties of insurer. An insurer which believes that a claim or application for insurance coverage is being made which is a violation of section 507E.3 shall provide, within sixty days of the receipt of such claim or application, written notification to the bureau of the claim or application on a form prescribed by the […]

Section 507E.7 – Immunity from liability.

507E.7 Immunity from liability. 1. A person acting without malice, fraudulent intent, or bad faith is not liable civilly as a result of filing a report or furnishing, orally or in writing, other information concerning alleged acts in violation of this chapter, if the report or information is provided to or received from any of […]

Section 507E.8 – Law enforcement authority.

507E.8 Law enforcement authority. 1. An individual employed by the division and designated as a peace officer shall be considered a law enforcement officer as that term is defined in section 80B.3, and shall exercise the powers of a law enforcement officer as follows: a. For purposes of an arrest resulting from a criminal violation […]