Insurance fraud is the criminal act of intentionally deceiving an insurance carrier in an effort to obtain a payment from the insurance company to which you are not legally entitled to.
Insurance fraud typically committed by by insurance applicants, policy holders and claimants. Depending upon the circumstances involved in the Insurance fraud, these cases may be tried in either state or federal court If convicted of insurance fraud in you may be subjected to a substantial fine, probation, community service, or even jail or prison time.
Insurance fraud may be committed which involve:
Intentionally and knowingly falsifying any information on your insurance policy, providing false information in an insurance claim, or filing a false claim may which result in you obtaining payments, which you are not legally entitled to, may lead to insurance fraud criminal charges.
There are varying degrees of fraud which range from small lie to to serious types of fraud. Illegal actions which may be associated with insurance fraud may include:
Insurance companies may also file a civil lawsuit against you under the RICO Act. (Racketeering Influenced and Corrupt Organizations Act). In this situation, which has become common in fraud cases, may result in the convicted parties being ordered to pay exorbitant sums of damages.
CRAIG A. SONNER