True or False? Insurance fraud occurs when someone tries to make money from insurance transactions by deceiving others.
True or False? If it is based on good faith disagreement between an insurance company and consumer, it is not insurance fraud.
True or False? It is ok to sign blank insurance applications, if an agent tells you to do so.
True or False? If a claimant withdraws a claim, she or he would not be investigated for a fraudulent claim.
True or False? Insurance Fraud is a felony in Idaho.
Which of the following is a common perception people have that leads them to commit insurance fraud?
True or False? An agent convinces a policyholder to cash out an already existing policy and purchase a new one, even though it may not be in their best interest. That is called Churning.
True or False? Insurance fraud is the second largest economic crime in America
after income tax evasion.
True or False? Fraud is often one of the major contributory factors to rising insurance prices.
True or False? It is ok for agents to offer a return a portion of premiums, or their commission to a potential
or an existing customer in order to persuade an individual to do business with them.
True or False? An Idaho licensed agent can sell a policy approved in Idaho to a consumer lives in Spokane,
Washington even if the policy is not approved in Washington.
How much does Insurance Fraud (non-health insurance) cost the average U.S. family per year in the form of
Which of the following actions could help a consumer prevent health insurance fraud?
True or False? Insisting on reporting to the police at the accident could protect yourself from insurance fraud.
True or False? The insurers and producers must make “reasonable efforts” to obtain the
consumer’s “suitability information” prior to recommending a particular annuity to the consumer.