fraudulent insurance act definition

fraudulent insurance act means an act committed by any person who, knowingly and with intent to defraud, presents, causes to be presented or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer, broker or any agent thereof, any written electronic, electronic impulse, facsimile, magnetic, oral, or telephonic communication or statement as part of, or in support of, an application for the issuance of, or the rating of an insurance policy for personal or commercial insurance, or a claim for payment or other benefit pursuant to an insurance policy for commercial or personal insurance which such person knows to contain materially false information concerning any fact material thereto; or conceals, for the purpose of misleading, information concerning any fact material thereto.
fraudulent insurance act means any of the following acts or omissions when committed knowingly and with intent to defraud:
fraudulent insurance act means an act or omission committed by a person who,

Examples of fraudulent insurance act in a sentence

  • As used in this part 10, unless the context otherwise requires: (1.5) "Fraudulent insurance act" has the meaning set forth in section 10-1-128 OR MEANS THE COMMISSION OF INSURANCE FRAUD PURSUANT TO SECTION 18-5-211, C.R.S.

  • Disclaimer: any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance containing any false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a Fraudulent insurance act, which is a crime and will void coverage hereunder.

  • DAFB is underlain by sediments of Cretaceous to Recent age, forming a wedge of sediments, which thickens to the southeast.

  • Fraudulent insurance act" shall include but not be limited to acts or omissions committed by any person who, knowingly and with intent to defraud:* * * (f) Conceals the results of an insurance compliance audit as defined in R.S. 22:57 where such audit discloses evidence of a violation of state or federal law, rule, or regulation and where an insurer fails to undertake reasonable corrective action or fails to eliminate the noncompliance within a reasonable time."On motion of Rep.


More Definitions of fraudulent insurance act

fraudulent insurance act means an act that is a violation of a penal law and is:
fraudulent insurance act means an act or omission
fraudulent insurance act means an act committed by any person who, knowingly and with
fraudulent insurance act means an act or omission committed by a person who, knowingly and with intent to defraud, commits, or conceals any material information concerning, one or more of the following:
fraudulent insurance act means an act committed by a person who, knowingly and with intent to defraud, presents, causes to be presented or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer or broker, or an agent of an insurer, purported insurer or broker, a written statement as part or in support of an application for the issuance or rating of an insurance policy for commercial insurance, or a claim for payment or other benefit pursuant to an insurance policy for commercial or personal insurance which he knows to contain materially false information concerning a fact material to the statement or claim or to conceal, for the purpose of misleading, information concerning a fact material to the statement or claim.
fraudulent insurance act. MEANS CONDUCT DESCRIBED IN SECTION 4503.
fraudulent insurance act means an act committed by a person who, knowingly and with intent to defraud, presents, causes to be presented, or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer, broker, or any agent thereof, any written statement as part of, or in support of, an application for the issuance of, or the rating of a policy or contract for property insurance, casualty insurance, life insurance, sickness and accident insurance, or an annuity, or a claim for payment or other benefit pursuant to such a policy or contract, that the person knows to contain materially false information concerning any fact material thereto, or conceals, for the purpose of misleading, information concerning any fact material thereto. "Fraudulent insurance act" also includes any such written statement, claim, or concealment in relation to such an insurance policy or contract that constitutes a criminal offense under Title XXIX or XXXIX of the Revised Code.