Delaware Reminds Insurers of Mandatory Insurance Fraud Reporting Requirements

DE| The Delaware Department of Insurance re-issued the Delaware Domestic/Foreign Insurers Bulletin No. 15 that addresses insurance fraud reporting requirements for insurers in Delaware. It emphasizes the mandatory reporting of suspected insurance fraud as per the Delaware Insurance Code (18 Del.C. § 2408).

Key Points:

• Insurers are encouraged to use the National Association of Insurance Commissioners (NAIC) Online Fraud Reporting System (OFRS), but for those not using it, a fillable form is available on the Delaware Department of Insurance website.
• Reporting Requirements: Insurers must submit complete and accurate contact information on the reporting form and indicate if the referral is for informational purposes only to avoid unnecessary follow-up.
• Submission Methods: Completed forms can be either emailed to fraud@delaware.gov or mailed to the Fraud Prevention office in Dover, but both methods should NOT be used.

Click here to see reissued Bulletin No. 15