Insurance fraud comprises a variety of fraudulent activities committed by applicants for insurance, policyholders, third-party claimants, or professionals who provide insurance services to claimants. If you have been charged with such fraudulent activities as inflating or "padding" actual claims and fraudulent inducements to issue policies and/or establish a lower premium rate, you can be facing serious federal charges. According to a statistical study, it is estimated that over $100 billion is lost due to insurance fraud in the United States every year.
Types of Insurance fraud may consist of the following:
- Medical Provider Fraud
- Staged Auto Accidents
- Insurance Agent Fraud
- Fabricated Theft Reports
- Worker's Compensation Fraud
If a person has the intent and the knowledge of their actions without proper legal representation the result can lead to serious consequences. The penalties that stem from insurance fraud can are serious. This crime is classified as a class six felony. Being convicted of this type of crime can place you in jail for up to 10 years of your life.
If you are charged with fraudulent acts on your insurance claims, it is important that you speak with a insurance fraud lawyer that can legally advise you on your case. An experienced insurance fraud lawyer will be able to protect your legal rights and is knowledgeable of the specific laws pertaining to this type of crime.
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