Delaware SB45 amends insurance fraud laws, specifying penalties for making false statements in insurance applications.
Delaware SB45 amends Title 11 of the Delaware Code to redefine application insurance fraud, specifying that making false or fraudulent statements in an insurance application is a class G felony if the benefit sought is at least $1,000, otherwise a class A misdemeanor. It also clarifies that multiple acts of fraud in a single application each constitute separate offenses, with exceptions for aggregating multiple acts for liability purposes.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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