Sentences with phrase «application fraud»

Victims are not likely to learn of application fraud for some time because the monthly account statements are likely mailed to an address used by the imposter.

Industry initiatives, such as the Insurance Fraud Register, MyLicence that allows insurers to check for any motoring offences, and the work of the Insurance Fraud Bureau and the Insurance Fraud Enforcement Department in tackling ghost brokers are helping to reduce the scope for insurance application fraud.»

-- An intelligent defense against application fraud, Fraud Shield from Experian provides a comprehensive series of checks, searches and counters to screen every credit application.

Mortgage News: Poll predicts Ottawa will toughen mortgage rules to cool market — Calgary Herald Mortgage application fraud (Approximately $ 1.7 million of attempted fraud activity was detected daily)-- Equifax Mortgage fraud on the rise — Financial Post

The death occurs within two years of the policy being in - force and the insurance company finds evidence of fraud on the application

There are several categories including application fraud (familiar and unfamiliar — applying for credit when you are not that person), lost / stolen card, mail intercept, counterfeit, account takeover, and card - not - present transactions.

The contestability period lasts for the first two years of the policy and lets the insurance company contest any claim that may raise suspicions of application fraud in the event of your untimely death.

Last year over 1,500 reports to the Insurance Fraud Bureau's «Cheatline» related to motor insurance application fraud - nearly a quarter of the total calls received.

Experian - Fraud Shield — An intelligent defense against application fraud, Fraud Shield from Experian provides a comprehensive series of checks, searches and counters to screen every credit application.

While mortgage application fraud has dropped 5.6 percent year - over-year, the industry is seeing a rise in income - based fraud, according to CoreLogic findings.

For example, an applicant lies and says they don't have a history of smoking in order to avoid a costly Smoker classification, but dies a year into their policy from lung cancer or some other lung - related affliction, the insurance company can investigate, determine the death was smoking - related, and decline to pay the death benefit because of application fraud.

The death occurs within two years of the policy being in - force and the insurance company finds evidence of fraud on the application

The commission and state and federal enforcement agencies have taken dozens of recent actions against dealerships, including credit - application fraud, add - on products disclosure and document - fee violations.

Terry Clemans, executive director of the National Credit Reporting Association, said in an interview that while he understands «Fair Isaac's need to solve the (application fraud) problem, I would think there must be some less drastic ways to filter out» legitimate authorized user accounts from the new breed of rented credit card accounts.

«New account fraud» or «application fraud» occurs when a thief uses your SSN and other identifying information to open new accounts in your name.

Policyholder frauds are divided into 3 categories — eligibility fraud, claim fraud and application fraud.

Application fraud is generally committed by people who have either filed previous claims and don't want to pay the increased costs that come with it or by people who know that the risk they're asking the company to insure is not acceptable.

Application fraud can easily turn into academic fraud with purchased or plagiarised assignments.

And of all types of application fraud, the risk of what is called «occupancy» misinformation — where «applicants deliberately misrepresent their intended use» of the property — is rising the fastest.