Wednesday, February 8, 2012

Insurance Fraud... what is it really

Did you know there is an insurance fraud protection act?This act requies plantiff's to prove fewer things than common law fraud. What you say?

NJ Insurance Fraud Prevention Act 17:33 A-4 basically states knowinly providing false or misleading information that is material to a claim for benfits or application for insurance is fraud.. This can be verbally or in writting. It can be the person or a practioner that writes the statement as well.

the big violation is your principle residence. this is not one that you live seasonally or a weekend residence.

the first violation can result in penalities up to $5000 for 1st time offcense

1 comment:

  1. Insurance fraud mostly are committed by agents of insurance companies that are already out of the company jurisdiction or not licensed at all.adjuster license

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