STATE OF NEW YORK
25 BEAVER STREET
NEW YORK, NEW YORK 10004
NOTE: WITHDRAWN EFFECTIVE JANUARY 29, 2007
|Circular Letter No. 26 (1999)
September 13, 1999
|TO:||All Insurers and Self-Insurers|
|RE:||Revised Insurance Department Fraud Reporting Form (IFB-1 REV. 8/99)|
Section 405 of the New York Insurance Law requires insurers and self-insurers to report to the Insurance Frauds Bureau all incidents of suspected insurance fraud on a form prescribed by the Superintendent. Effective immediately, the Superintendent has replaced the original Fraud Reporting Form (IFB-1) with Form IFB-1 REV. 8/99. The new Form is designed to elicit more specific information about suspected insurance fraud. The enhanced information will help to expedite the Frauds Bureaus review process and ensure a prompt investigation of each report.
In addition to the information requested on Reporting Form IFB-1, the new Form seeks the following information:
Insurers are advised that Reporting Form IFB-1 REV. 8/99 is effective upon receipt of this Circular Letter. A copy of the new Form is attached.
|Very truly yours,|
Insurance Frauds Bureau