AIC 33-4

Any deliberate deception committed against an insurer or an insurance producer for the purpose of unwarranted financial gain.

Actions that are undertaken deliberately to defraud.

Fraud that occurs when a legitimate claim is exaggerated.

In insurance, a fact that would affect the insurer's decision to provide or maintain insurance or to settle a claim.

A false statement of a material fact on which a party relies.

The intentional failure to disclose a material fact.

An accident deliberately caused by a person who intends to feign injury and collect on the ensuing claim.

A law that allows insurers and law enforcement officials to share information about fraudulent activity without facing potential civil lausuits for defamation, harassment, malicious prosecution, bad faith, or breach of privacy.