Concept information
Preferred term
life insurance fraud
Definition
- Insurance fraud occurs when individuals deceive an insurance company or agent to collect money that they are not entitled to, or when insurers or agents engage in deceptive practices that have negative effects for consumers. Life insurance is a contract between an individual (policy owner), and the insurer, who agrees to pay a sum of money upon the insured individual's death or other event, such as terminal or critical illness. [Source: Encyclopedia of Death and the Human Experience; Life Insurance Fraud]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/life_insurance_fraud
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