Insurance 101 – Chapter 15 – Volume 5 – More on the Crime of Insurance Fraud

More on the Crime of Insurance Fraud

Some states are even more stringent than California and the model act. For example, in Nevada, it is a crime to misrepresent a material fact on an application for insurance.11 Regardless of the particular criminal statute, it should be clear that if a person lies to an insurance company to gain money to which that person is not entitled, insurance fraud has been committed. The fraud will effect any claim presented and can expose the insured to
criminal penalties.

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

Legal Disclaimer

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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