Insurance Scams

These are illegal acts done on the part of either the seller or the buyer of an insurance contract, sometimes including the selling of policies for the companies that don’t really exist or, a failed attempt to submit the premiums and making out policies to make more and more commissions. 

 

The fraud on the buyer’s end can consist of claims that are exaggerated, putting up a false medical history, expired policies that are presented in real time. 

There are even worse instances where the people have faked deaths of their family members to claim the money from the insurance policy that was signed against the fake-deceased.

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