Question

A person commits arson just to make his dependents gain the benefit of insurance this is example of

Answer 1

Answer:

Explanation:

If you're caught in a fraudulent lie, you'll not only be on the hook for any costs your insurer would have otherwise covered, you may be facing hefty fines, community service, probation, or even jail time. Lie to your insurance company & they may cancel your policy, deny your claim, or increase your rates

Answer 2

Death Fraud

Claim fraud is the type of life insurance scam that involve faking a death or false death. Death fraud is also referred to as one form of insurance fraud. In order to obtain a living insurance payout, people are attempting to fake their own death or the death of the beloved one to collect a life insurance benefit.

Explanation:

• Insurance fraud happens when an individual or company makes false statements to receive benefits or advantages that they are not entitled to it. Insurance fraud takes different forms, but is recognized as a serious crime in all jurisdictions irrespective of the type.
• The term insurance fraud refers to the execution of any act aimed at obtaining the outcome which, during an insurance claim, is favorable but fraudulent. Insurance fraud can require the execution of a false insurance claim or exaggeration of damage, injury or other losses for benefit purposes. Many people fail to consider that insurance fraud for an insurance company is deliberately rejecting benefits which are legitimately due

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