Idaho Insurance Fraud

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Idaho Insurance Fraud:

A deception deliberately practiced in order to secure unfair or unlawful gain.
A piece of trickery; a trick.
One that defrauds; a cheat.
One who assumes a false pose; an impostor.

Insurance Fraud is a felony punishable by up to five years in state prison and a $50,000 fine.

Did You Know?

Insurance fraud is among the most costly white collar crimes in America. According to a 2000 study by Hartford, Conn.-based Conning & Co., insurance fraud costs the American public $96 billion dollars annually in increased premiums.

And that tab includes only the direct cost of insurance, not the consequential higher prices for consumer goods and services. A report by the Association of Certified Fraud Examiners in 1996 estimated that such consequential costs could range as high as $530 billion.

Source: AAA

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