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Fraud Insurance covers the financial damages resulting from fraud committed by employees or third parties to ensure the continuation of your enterprise. Fraud mostly consists of dishonesty, forgery, theft or embezzlement.
The insurance claims examination process relies on evidence gathered from the accident scene, records, and interviews to determine a claims legitimacy. Aside from determining validity, the enquiry also helps a claims adjuster decide how much to pay a claimant.
Falsifying a patients diagnosis to justify the need for tests, surgeries, or other procedures that are not medically necessary. Misrepresenting procedures performed to obtain payment for non-covered services, such as cosmetic surgery. Upcoding; billing for a more costly service than the one actually performed.
(1) A person commits the offense of fraud if, with the intent to defraud, the person executes or attempts to execute any scheme or artifice to defraud or to obtain money or property by means of false or fraudulent pretenses, representations, or promises.

People also ask

What is Health Insurance Fraud? Health insurance fraud is a crime. An offense occurs when false or misleading information is provided to a health insurance company in an attempt to have the company pay unauthorized benefits to the policy holder, another party, or the organization providing services.
Consequences of Healthcare Fraud Charges The most common punishments for healthcare fraud include fines and imprisonment. Both depend on the severity of the fraud charges. Fraud is considered a federal crime, with imprisonment lasting up to 10 years.
Fraud Insurance covers the financial damages resulting from fraud committed by employees or third parties to ensure the continuation of your enterprise. Fraud mostly consists of dishonesty, forgery, theft or embezzlement.

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