Insurance Fraud Regulation

A person commits a fraudulent insurance act if that person knowingly:

  • presents to an insurer any statement that contains false, incomplete, or misleading information concerning any fact material to an application for the issuance or renewal of an insurance policy, certificate, or contract;
  • accepts a benefit from the proceeds derived from a fraudulent insurance act;
  • assists, abets, solicits, or conspires with another to commit a fraudulent insurance act;
  • supplies false or fraudulent material information in any document or statement required by the department;
  • fails to forward a premium to an insurer; or
  • employs, uses, or acts as a runner for the purpose of committing insurance fraud.