Insurance 101 – Chapter 16 Volume 72 – Fraud Statutes

 Fraud Statutes

The first Congress of the United States enacted a statute imposing criminal penalties upon anyone who, having knowledge of  the actual commission of certain felonies, shall conceal, and not as soon as may be disclose and make known the same to the appropriate authority.  Although the term “misprision of felony” now has an archaic ring, gross indifference to the duty to report known criminal behavior remains a badge of irresponsible citizenship.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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