Enacts the "fraudulent claims reduction and unlawful deception act" to establish crimes of staging construction site accidents and auto insurance.

The bill establishes the "fraudulent claims reduction and unlawful deception act" or "FRAUD act." It creates new crimes for staging a construction site accident for insurance fraud and auto insurance fraud involving staged collisions and fabricated claims. The bill provides for enhanced penalties and enforcement for these fraudulent activities. Penalties include restitution to the insurer, civil penalties, and exclusion from receiving benefits under any state-regulated insurance policy.

Enacts the "fraudulent claims reduction and unlawful deception act" to establish crimes of staging construction site accidents and auto insurance.

The bill establishes the "fraudulent claims reduction and unlawful deception act" or "FRAUD act." It creates new crimes for staging a construction site accident for insurance fraud and auto insurance fraud involving staged collisions and fabricated claims. The bill provides for enhanced penalties and enforcement for these fraudulent activities. Penalties include restitution to the insurer, civil penalties, and exclusion from receiving benefits under any state-regulated insurance policy.