Insurance Fraud Flashcards
1
Q
Ditching
A
Getting rid of vehicles to collect an insurance policy
2
Q
Past posting
A
Uninsured driver has accident, get policy then reports claim
3
Q
What is premium Theft
A
Collects premium but does not remit payment to insurance company
4
Q
Sliding
A
inclusion of additional coverage without insured knowledge
5
Q
In sliding, where are extra charges hidden
A
In total premium
6
Q
What is premium fraud
A
- workers compensation
- involves misrepresentation of information to insurer to lower cost of workers comp claims
7
Q
What is claimant Fraud
A
misrepresenting circumstances of injury or fabricating injury.