NU Online News Service, June 29, 3:35 p.m. EDT

Under a House bill signed by Louisiana Gov. Bobby Jindal, the state will be allowed to take earmarked anti-fraud money and transfer it into the state's general fund for non-fraud purposes.

HB 787 calls for about $100,000 of fiscal year 2010 funds–which come from an annual assessment on insurers and are intended for anti-fraud efforts only–to be transferred into the state's general fund.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.