Ga. Comp. R. & Regs. R. 120-2-72-.06 - Terms and Conditions for Use of Funds
(1) The Commissioner may utilize the funds
from the Special Insurance Fraud Fund for the investigation of insurance fraud.
For purposes of this Regulation, investigation of insurance fraud shall include
but not be limited to investigations carried out under official authority by
law enforcement personnel employed by the Commissioner, and examinations of
annual or other required statements by personnel employed or appointed by the
Commissioner to identify any false material statement therein. In addition, the
Commissioner may utilize a portion of said funds to reimburse prosecuting
attorneys for some or all of the costs of retaining assistant prosecuting
attorneys to prosecute insurance fraud cases when it is determined by the
Commissioner that extraordinary circumstances exits necessitating such
reimbursement.
(2) In an effort to
spend the funds from the Special Insurance Fraud Fund responsibly and in a
manner that will lead to proper and expeditious investigation and prosecution
of fraudulent insurance acts, the following conditions apply:
(a) Expenses of independent contractors
reimbursed with funds from the Special Insurance Fraud Fund shall be calculated
in accordance with Georgia Insurance Department procedures regarding expense
accounts;
(b) All items submitted
for reimbursement must be fully documented and are subject to audit by the
Georgia Insurance Department;
(c)
Any independent contractors utilized by the Georgia Insurance Department for
the purposes outlined in O.C.G.A. ยง
33-1-17 must receive advance
written authorization from the Commissioner before any request for
reimbursement will be considered.
Notes
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