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What Is Insurance Fraud?

And How To Combat High Insurance Premiums

April 19, 2017  •  2 minute read

Insurance fraud is a serious crime that effects everyone by severely increasing insurance rates.

Insurance Fraud Definition

Insurance fraud is a criminal offence under the Federal Criminal Code of Canada. Insurance fraud involves the act of intentionally falsifying a claim in an attempt to defraud an insurance company with the expectation of receiving income when not entitled to payment from the benefits being sought.

Common Instances of Insurance Fraud: