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.
Soft fraud, or opportunity fraud
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.