Georgia insurance commissioner indicted in alleged $2 million fraud case

Georgia Insurance Commissioner - Dangling money

The U.S. attorney’s office described the case and the allegations against Jim Beck. Earlier this week, the United States attorney’s office laid out what it called a $2 million fraud case which involves Georgia Insurance Commissioner Jim Beck. The commissioner’s attorney entered into negotiations regarding when and how Beck would turn himself in. The Georgia insurance commissioner is the target of a 38 count indictment. It accuses Beck of widespread fraud regarding work he did for the Georgia Underwriting Association (G.U.A.). The alleged fraudulent activities all occurred before Beck was…

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Georgian insurers to sell out of state policies beginning July 1

Beginning July 1st, insurers in Georgia will be able to sell health insurance policies available across state lines. Other states have been considering similar laws but Georgia is the first to pass such a law. The issue of inter-state insurance policies has been hotly debated for some time now. Critics of the law argue that it will put consumers at risk as most out of state insurance policies that will be up for sale will not meet the standard of Georgia’s strict regulations. On the other hand, supporters of the…

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