Purchasing insurance provides the majority of Americans with a sense of security when they embark on any adventure in this often crazy world. Unfortunately, some insurance holders look for a quick payday by defrauding and deceiving insurance companies to obtain payments for injuries that never occurred.
Idaho insurance fraud laws list a bevy of actions by both insurance holders and insurance companies that are considered illegal in the Gem State. This is a quick summary of the insurance fraud laws in Idaho.
The Multiple Ways of Violating Idaho Insurance Fraud Laws
The following table outlines the specifics of Idaho insurance fraud laws.
Idaho Statutes §41-293: Insurance Fraud
In general, Idaho insurance fraud requires an act that is intended to defraud or deceive. Insurance fraud includes:
Any violator of Idaho insurance fraud laws is guilty of a felony. This crime is punishable by a term of imprisonment up to 15 years, a fine of up to $15,000, or both. Also, the violator will be ordered to make restitution to the insurer or any other person for any financial loss sustained as a result of a violation of this law. Each instance of violation may be considered a separate offense.
If you have been accused of violating an insurance fraud law and would like legal assistance, you can contact an Idaho criminal defense lawyer through FindLaw. Visit FindLaw's sections on insurance fraud and other fraud and financial crimes for more articles and information on this topic.
Contact a qualified attorney.