Insurance Fraud is a felony. Claims ar either glowering or exaggerated, and around times certain information are held back in order for the clai eartht to obtain the benefits that the insurance company has to offer and to avoid certain penalties. In this event, the claimant can be fined $150,000 or 10 years in prison. (Associated Content, 2007). It has been stated that at least %10 of all insurance claims has been fabricated and in North America the insurance industry comprises out to a greater extent than $30 billion in stratagemulent claims. (Fraudcast, 2009) unmatchable of the most common insurance fraud would involve life insurance. aliveness insurance is a type of c all overage that pays benefits upon a somebody's death or disability.(Answer, 2009) This will financially secured the person whom the control has chosen to take this responsibility which is known as the donee (Wikipedia, 2009). After the Insured̢۪s death, the proceeds that has been accumulated over the period of time, will then be used to pay for the cost of funeral service or any other requirement cost of needs or debts. Life insurance fraud is widespread. Sometimes desperate times call for desperate measures. With a good plan in mind, scamming insurance companies would probably be the only best answer when people are in desperate for an easy way out of debt.
It can be risky but people do take that chance. Statistic has shown that in 2008, fifty-one life insurance fraud cases has been reported by the news media. (Coalition Against Insurance Fraud, 2009). Insurance fraud can be planned out in a couple of ways. One most common way would be when the claimant fakes their death, therefore their family or whomever they wish can collect the money in realize instead of having to wait. (Coalition Against Insurance Fraud, 2009) In one news condition taken place in Britain, a 57 year-old man by the name of John Darwin has been charged for faking his death.(CBS News, 2007) It was claimed that he had “ declared officially dead after an... If you want to get a full essay, order it on our website: Ordercustompaper.com
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It can be risky but people do take that chance. Statistic has shown that in 2008, fifty-one life insurance fraud cases has been reported by the news media. (Coalition Against Insurance Fraud, 2009). Insurance fraud can be planned out in a couple of ways. One most common way would be when the claimant fakes their death, therefore their family or whomever they wish can collect the money in realize instead of having to wait. (Coalition Against Insurance Fraud, 2009) In one news condition taken place in Britain, a 57 year-old man by the name of John Darwin has been charged for faking his death.(CBS News, 2007) It was claimed that he had “ declared officially dead after an... If you want to get a full essay, order it on our website: Ordercustompaper.com
Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!
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