Insurance Fraud Prevention Act


Definition of "Insurance fraud prevention act"

Tawana  Langford real estate agent
Tawana Langford, Real Estate Agent Fathom Realty

Legislation that makes insurance fraud a federal crime. This act is part of the Omnibus Crime Bill. Under the act, it is a federal crime to embezzle or misappropriate funds, money, or premiums from an insurance company, to knowingly file false financial information with regulators, to obstruct the investigation of an insurance regulator, and to work or allow such work in an insurance field after conviction of a felony involving dishonesty.

 

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