In simple terms, insurance allows someone who suffers a loss or accident to be compensated for the effects of their misfortune. It lets you protect yourself against everyday risks to your health, home and financial situation.
Insurance is one of those items that causes most people to run and hide. To many, insurance is a necessary evil and the details are hard to understand. You don't want to live with it, but you sure don't want to live without it. You can get insurance for just about anything: cars, homes, rentals, boats, personal propery, jewelry, health, dental, even your life itself! There is almost nothing that some company won't insure.
What is Insurance Fraud?
Fraud occurs when someone knowingly lies to obtain some benefit or advantage to which they are not otherwise entitled or someone knowingly denies some benefit that is due and to which someone is entitled. Depending on the specific issues involved, an alleged wrongful act may be handled as an administrative action by the Department or the Fraud Division may handle it as a criminal matter.