Within how many days must a person report a fraudulent insurance act to TDI or other authorized agency?

Within how many days must a person report a fraudulent insurance act to TDI or other authorized agency?

• A. 7 days
• B. 15 days
• C. 30 days
• D. 60 days

Answer: (C)

You're being tested on the deadline to report suspected fraud to the regulator. Texas law requires anyone who knows or reasonably should know of a fraudulent act in the insurance field to report it to the Texas Department of Insurance (or another authorized agency) within thirty days. This 30-day rule helps ensure timely investigation, protects consumers, and upholds professional duties. Waiting longer can lead to regulatory penalties or disciplinary action. The other timeframes don’t match the statutory requirement, which is why thirty days is the correct window.

You're being tested on the deadline to report suspected fraud to the regulator. Texas law requires anyone who knows or reasonably should know of a fraudulent act in the insurance field to report it to the Texas Department of Insurance (or another authorized agency) within thirty days. This 30-day rule helps ensure timely investigation, protects consumers, and upholds professional duties. Waiting longer can lead to regulatory penalties or disciplinary action. The other timeframes don’t match the statutory requirement, which is why thirty days is the correct window.