What is the primary goal of the Georgia Insurance Fraud Division?

The primary goal of the Georgia Insurance Fraud Division is to investigate and prevent fraudulent insurance activities. This division plays a critical role in protecting the integrity of the insurance market by identifying, investigating, and prosecuting individuals or entities that engage in insurance fraud. Fraudulent activities can lead to increased costs for insurers and policyholders alike, therefore, the division is essential in safeguarding consumers and maintaining trust in the insurance system. Their efforts help ensure that claims are legitimate, and that the funds for honest policyholders are not misappropriated or misused due to fraudulent behavior.

In contrast, while regulating premium rates, overseeing agent licensing, and ensuring the financial stability of insurance companies are all important functions of the insurance regulatory framework, they do not align with the specific mission of preventing fraud, which is the focus of the Georgia Insurance Fraud Division.