Fraud Reporting Information and Instructions
Annual SIU Report for Life Settlement Providers
Pursuant to New York Insurance Law Section 411(e), life settlement providers are required to file an annual report (Annual SIU Report) with the Department describing their experience, performance, and cost effectiveness in implementing the Fraud Prevention Plan. The Annual SIU Report also requires information pertaining to the life settlement provider's public awareness program required by Section 411(b)(5). The Annual SIU Report and Public Awareness Questionnaire may be accessed below and must be completed and filed via email to the address shown below no later than March 15th of each year.
- Due: 03/15/2023 Annual SIU Report Form for Life Settlement Providers (PDF)
- Due: 03/15/2023 Annual Public Awareness Questionnaire for Life Settlement Providers (PDF)
Please email completed and signed Reports, along with the public awareness questionnaire and supporting public awareness attachments (if applicable), via email to Christine Backel at [email protected]
Property/Casualty Insurer Fraud Prevention Plan and Annual SIU Report
Pursuant to Insurance Law section 308, all Licensed Property/Casualty Insurers Writing Private Passenger automobile Insurance with 3,000 or More Policies in those lines of business in the state of New York, and entities licensed Under Art. 44 of the Public Health Law with an enrolled population of 60,000 insureds or greater, unless licensed under §4403(a), (c), (d), (f), or §4408(a), must file a Fraud Prevention Plan and Annual SIU Report with the Department. Fraud Prevention Plans and Annual SIU Reports are submitted via the DFS portal.
- Fraud Prevention Plan Filing Guidelines for Insurers
- Instructions for Using DFS Portal to Submit Fraud Prevention Plans
- FAQs About Fraud Prevention Plans and Special Investigations Units
- Instructions for Completing and Filing Annual SIU Report
To get started please Log in to our secure Portal:
Property/Casualty Insurers Rate Evasion Form
Pursuant to Insurance Law Section 308, the Department requests information concerning the incidence of misrepresentations of the principal place where vehicles are garaged and/or driven by insured New York residents that involve locations within New York State and locations outside of New York State.
The information is submitted via the DFS Portal using the Rate Evasion Form located within the Annual SIU Report application.
- Data Call: Call for Special Report Pursuant to Insurance Law Section 308
- Rate Evasion Form Instructions
Outside Industry Resources:
- Association of Certified Fraud Examiners
- Coalition Against Insurance Fraud
- America's Health Insurance Plans
- Insurance Information Institute
- Insurance Research Council
- National Health Care Anti-Fraud Association
- National Insurance Crime Bureau
- New York Alliance Against Insurance Fraud
- National Association of Insurance Commissioners