Not exact matches
That means that an
insurance policy can't be written in a way that would actively encourage
false claims to be
made.
Therefore, the High Court passed undertakings by which traders committed not to «create the
false impression that the consumer has already won, will win or will on doing a particular act win, a prize or equivalent benefit, when in fact taking any action recommended by the [trader] in relation to
claiming the prize or other equivalent benefit is subject to the consumer paying money or incurring a cost which is either: (a) a substantial proportion of the unit cost to the defendant of the provision to the consumer of the thing described as a prize or other equivalent benefit; or (b) in the case of a charge stated to be for delivery and
insurance, used by the defendant to finance in whole or in part its acquisition, handling or other cost of the
making available of that thing, other than the actual cost of its delivery to the consumer and
insurance (if any) in transit» (account rendered by the CJEU in C - 428 / 11 at para 20, emphasis added).
This came to a head last October, with MacGregor involved in a case that saw two Britons sent to prison for
making false insurance claims against Thomas Cook.
It just
makes sense for the
insurance company to have a duty to defend on renters
insurance because it prevents
false or fraudulent
claims from being paid.
Misrepresentation would be a
false claim made by the insured as to a material fact, typically in the form of lying on the life
insurance application.
Subsequently, if there is a
claim made after 3 years post the commencement of risk or issuance or reinstatement of the policy, the
insurance service provider loses the right to cancel the policy on the basis of
false statements
made in the
insurance form.
Normally,
claims are rejected only in cases where proper declaration are not
made or
false facts are stated in the forms while taking
Insurance.
Fraud Warning: If the Insured Person or any person acting on his / her behalf shall
make any
claim or statement knowing the same to be
false or fraudulent as regards to an amount or otherwise, then this
Insurance shall become void and all
claims here under shall be forfeited without refund of premium.
That means that an
insurance policy can't be written in a way that would actively encourage
false claims to be
made.
There are many faces of fraud in the
insurance market - using stolen identities to obtain a new policy - or just as troubling, an account takeover to
make a
false claim or change payee information to receive
claim funds.
A
false Facebook post is
making the rounds
claiming that if you don't pay the penalty for not buying health
insurance, the IRS can file a lien against your home.
From Speaking of Real Estate: A
false Facebook post is
making the rounds
claiming that if you don't pay the penalty under the Affordable Care Act for not buying health
insurance, the IRS can file a lien against your home.