Virginia Code 52-43: Reports
The Department shall submit an annual report to the Governor and General Assembly no later than February 15 of each year on the progress made in deterring insurance fraud. Such report shall detail (i) all expenditures and receipts of the Insurance Fraud Investigation Unit, (ii) the uses to which these funds were put, including payment of salaries and expenses, purchases of equipment and supplies, and other expenditures by type, and (iii) the results achieved as a consequence of such expenditures, including the number of notifications or inquiries received, the number of inquiries and investigations undertaken, the number of inquiries to which an investigation was not initiated, the number of arrests, the number of files presented to prosecutors, the number of prosecutions, the number of convictions and the total dollar amount of restitution resulting from the operation of the Insurance Fraud Investigation Unit.
Terms Used In Virginia Code 52-43
- Fraud: Intentional deception resulting in injury to another.
- Insurance fraud: means any commission or attempted commission of the criminal acts and practices defined in § 18. See Virginia Code 52-36
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
1998, c. 590.