Insurance Fraud Flashcards

1
Q

Ditching

A

Getting rid of vehicles to collect an insurance policy

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2
Q

Past posting

A

Uninsured driver has accident, get policy then reports claim

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3
Q

What is premium Theft

A

Collects premium but does not remit payment to insurance company

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4
Q

Sliding

A

inclusion of additional coverage without insured knowledge

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5
Q

In sliding, where are extra charges hidden

A

In total premium

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6
Q

What is premium fraud

A
  1. workers compensation
  2. involves misrepresentation of information to insurer to lower cost of workers comp claims
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7
Q

What is claimant Fraud

A

misrepresenting circumstances of injury or fabricating injury.

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