Are you “insurance fraud aware”? Test your knowledge about a crime that affects everyone’s wallet! Choose the best answer to each question. Answers are provided at the end.
What is the simplest definition of insurance fraud?Someone forgetting to pay their insurance premium.Someone lying or cheating to get money or benefits from an insurance company they’re not entitled to.An insurance company refusing to pay a legitimate claim.True or False: Insurance fraud is a victimless crime.What is the main way insurance fraud impacts honest policyholders like you?It makes insurance companies go out of business.It directly leads to higher insurance premiums for everyone.It only affects people who have filed a claim.It has no direct impact on individual consumers.What are the two main categories of insurance fraud?Which type of fraud involves exaggerating an otherwise legitimate claim, or lying about small details on an application to get a lower premium?In an auto insurance fraud scam, what is a “swoop and squat”?When someone quickly swerves to avoid an animal and crashes.When a car suddenly cuts in front of you and slams on the brakes, causing a rear-end collision.When a tow truck quickly arrives at an accident scene.When a driver switches lanes without signaling.If a healthcare provider bills your insurance for a complex procedure you didn’t receive, but actually performed a simpler, less expensive one, what type of fraud is this called?True or False: If a contractor offers to “waive your deductible” and tells you they’ll just inflate the bill to your insurance company, it’s a perfectly legal way to save money.Which type of workers’ compensation fraud involves an employer lying about the type of work their employees do or underreporting payroll to pay lower premiums?What is a “jump-in” scam in auto insurance fraud?When someone who wasn’t in the car during an accident claims to have been, seeking injury payouts.When a car jumps a curb during an accident.
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