The California Department of Insurance (CDI) has amended its Special Investigative Unit (SIU) regulations, and the rules take effect Oct. 1, 2020. (10 CCR 2698.30 et seq.) The new rules tighten the compliance requirements already in place, and notable changes include:
Although the regulations take effect this year, insurers have until April 1, 2021 to update their contracts with other entities performing fraud work. Companies can expect to be tested for compliance with the new rules through examination by the CDI’s dedicated SIU Compliance Office.
The post New SIU Regulations are Coming to Town appeared first on Insurance & Reinsurance.
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