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Texas Department Of Insurance
The Texas Department of Insurance (TDI) regulates insurers and other companies that conduct insurance business in Texas, and assists Texas-based insurance consumers. TDI was founded in 1876 as the Department of Insurance, Statistics and History. The agency is responsible of enforcing the Texas Insurance Code; to regulate the insurance business, protect consumers, ensure fair competition among companies, and foster the stability of insurance market. In addition to administering the Texas workers' compensation system according to the Texas Labor Code, performing the duties of the State Fire Marshal's Office, and providing administrative support to the Office of Injured Employee Counsel. The agency is headquartered at the William P. Hobby State Office Building at 333 Guadalupe Street in Austin, Texas.It has around 1,400 employees statewide and a $110 million annual budget. The Commissioner of Insurance serves as the chief executive and administrative officer of the department. Hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workers' Compensation Fraud
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain.” One of the problems that the compensation bargain solved is the problem of employers becoming insolvent as a result of high damage awards. The system of collective liability was created to prevent that and thus to ensure security of compensation to the workers. While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance In Texas
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Agencies Of Texas
The following is a list of Texas state agencies. List of agencies *Angelina and Neches River Authority *Brazos River Authority *Canadian River Municipal Water Authority * Cancer Prevention and Research Institute of Texas *Edwards Aquifer Authority *Employees Retirement System of Texas * Executive Council of Physical Therapy and Occupational Therapy Examiners of Texas *Guadalupe-Blanco River Authority *Lower Colorado River Authority * Office of the Governor of Texas * Office of the Lieutenant Governor of Texas *Office of the Public Utility Counsel of Texas *Office of the State Prosecuting Attorney *Public Utility Commission of Texas *Railroad Commission of Texas *Red River Authority *Sabine River Authority (Texas) * State Bar of Texas *Teacher Retirement System of Texas * Texas A&M AgriLife Research * Texas A&M AgriLife Extension Service *Texas A&M University System *Texas Alcoholic Beverage Commission * Texas Animal Health Commission *Texas Apiary Inspection Service *Texas Apprais ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Postal Inspection Service
The United States Postal Inspection Service (USPIS), or the Postal Inspectors, is the law enforcement arm of the United States Postal Service. It supports and protects the U.S. Postal Service, its employees, infrastructure, and customers by enforcing the laws that defend the nation's mail system from illegal or dangerous use. Its jurisdiction covers any "crimes that may adversely affect or fraudulently use the U.S. Mail, the postal system or postal employees." With roots going back to the late 18th century, the USPIS is the oldest continually operating federal law enforcement agency. There are roughly 200 federal crimes that can be committed which involve the mail. Thus, the U.S. Postal Inspection Service's activities are markedly broad and ever-changing. In 2021, Postal Inspectors made 5,141 arrests leading to more than 3,700 convictions, mostly involving mail theft, mail fraud and prohibited narcotic mailings. The growth in illegal narcotics has resulted in 19,000 arrests and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IRS Criminal Investigation Division
Internal Revenue Service, Criminal Investigation (IRS-CI) is the United States federal law enforcement agency responsible for investigating potential criminal violations of the U.S. Internal Revenue Code and related financial crimes, such as money laundering, currency violations, tax-related identity theft fraud, and terrorist financing that adversely affect tax administration. While other federal agencies also have investigative jurisdiction for money laundering and some Bank Secrecy Act violations, IRS-CI is the only federal agency that can investigate potential criminal violations of the Internal Revenue Code, in a manner intended to foster confidence in the tax system and deter violations of tax law. Criminal Investigation is a division of the Internal Revenue Service, which in turn is a bureau within the United States Department of the Treasury. According to information on the IRS web site, the conviction rate for federal tax prosecutions has never fallen below 90 percent. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Police Power (United States Constitutional Law)
In United States constitutional law, the police power is the capacity of the states to regulate behavior and enforce order within their territory for the betterment of the health, safety, morals, and general welfare of their inhabitants. Police power is defined in each jurisdiction by the legislative body, which determines the public purposes that need to be served by legislation. Under the Tenth Amendment to the United States Constitution, the powers not delegated to the Federal Government are reserved to the states or to the people. This implies that the Federal Government does not possess all possible powers, because most of these are reserved to the State governments, and others are reserved to the people. Police power is exercised by the legislative and executive branches of the various states through the enactment and enforcement of laws. States have the power to compel obedience to these laws through whatever measures they see fit, provided these measures do not infring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peace Officer
A law enforcement officer (LEO), or peace officer in North American English, is a public-sector employee whose duties primarily involve the enforcement of laws. The phrase can include campaign disclosure specialists, local police officers, prosecutors (who are law enforcement officers but not peace officers), municipal law enforcement officers, health inspectors, SWAT officers, customs officers, lawyers, state troopers, federal agents, secret agents, special investigators, coast guards, border patrol officers, judges, district attorney, bounty hunters, gendarmerie officers, immigration officers, private investigators, court officers, probation officers, parole officers, arson investigators, auxiliary officers, animal control officers, game wardens, park rangers, county sheriff's deputies, constables, marshals, detention officers, correction officers, sworn campus police officers and public safety officers (at public and private institutions). Security guards are no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Fraud
Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property. Criminal offenses may be prosecuted in either federal or state court, and are typically charged under wire fraud, bank fraud, mail fraud, or money laundering statutes, with penalties of imprisonment for up to 30 years per offense. As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud. Mortgage fraud is not to be confused with predatory lending, predatory mortgage lending, which occurs when a consumer is misled or deceived by agents of the lender. However, predatory lending practices often co-exist with mortgage fraud. Types Occupancy fraud: This occurs where the borrower wishes to obtain a mortgage to acquire an investment property, but states on the loan application that the borrower will occ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Settlement
A life settlement is the legal sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, to a third party investor. The investor assumes the financial responsibility for ongoing premiums and receives the death benefit when the insured dies. The primary reason the policyowner sells is because they can no longer afford the ongoing premiums, they no longer need or want the policy, to fund long-term care, increased medical costs, or they need money for other expenses. On average, the policyowner receives three to five times more than the surrender value for the policy. In a retained death benefit transaction, policyowners receive cash payments and their beneficiaries also receive a payment after the insured dies. After the transaction has closed, there are no future premium obligations Term, permanent, or whole life insurance policies qualify for life settlement. Most commonly, universal life insuranc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurer Fraud
Insurance fraud is any act committed to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due. According to the United States Federal Bureau of Investigation, the most common schemes include premium diversion, fee churning, asset diversion, and workers compensation fraud. Perpetrators in the schemes can be insurance company employees or claimants. False insurance claims are insurance claims filed with the fraudulent intention towards an insurance provider. Insurance fraud has existed since the beginning of insurance as a commercial enterprise.Manes, Alfred. "Insurance Crimes." p. 34. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Fraud
Insurance fraud is any act committed to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due. According to the United States Federal Bureau of Investigation, the most common schemes include premium diversion, fee churning, asset diversion, and workers compensation fraud. Perpetrators in the schemes can be insurance company employees or claimants. False insurance claims are insurance claims filed with the fraudulent intention towards an insurance provider. Insurance fraud has existed since the beginning of insurance as a commercial enterprise.Manes, Alfred. "Insurance Crimes." p. 34. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
