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what can happen in a insurance fraud?

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  • 1 decade ago
    Favorite Answer

    What type of insurance fraud and what state? The penalties differ from state to state. Punishments can vary from a fine.... to long term sentences in prision.

    Please see the following examples:

    New Jersey Insurance Fraud Penalties

    Some of the penalties for insurance fraud related crimes under New Jersey Laws are as follows:

    Health Care Claims Fraud: fines of up to $150,000 or five times the value of the claims. Jail time of up 3-5 years. For a medical professional committing fraud, the jail time can be 5-10 years in jail.

    Auto Insurance/False Insurance Card: $10,000 fine and up to 18 months in jail.

    Insurance Application Fraud: $5000 fine.

    Unemployment Insurance Fraud: Considered a theft crime. Penalties correspond to the value of the theft.

    Disability Benefits Fraud: Also considered theft.

    Workers Compensation Insurance Fraud: up to a $10,000 fine and 18 months in jail.

    New Hampshire:

    Class A Felony Charge carries a maximum penalty of 7 1/2 to 15 years incarceration and a fine of $4000 or an amount not to exceed double the amount of property gained in the commission of a felony.

    Class B Felony Charge carries a maximum penalty of 3 1/2 to 7 years incarceration and a fine of $4,000.

    Class A Misdemeanor Charge carries a maximum penalty of 1 year incarceration and a fine of $2,000.

    Class B Misdemeanor Charge carries a fine of $1,200 and does not include any term of imprisonment.

  • Anonymous
    5 years ago

    I hope the report you made was really fraud. Your story is not that clear. Everyone you listed will be investigating especially the insurance company and the Department of Insurance.

  • 1 decade ago

    are you asking how you commit insurance fraud or what will happen if you get caught doing it?

  • 1 decade ago

    You can go to jail.

    Why? Plan on pulling some crap over on the good ol insurance company?

    Source(s): Claims 6 yrs
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  • Rich S
    Lv 5
    1 decade ago

    A fraudulant claim is made.

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