Indeed. Allow me to explain.
The nine elements of common law fraud are: (1) a representation
; (2) its falsity; (3) its materiality; (4) the speaker's knowledge of its falsity or ignorance of its truth; (5) his intent that it should be acted upon by and in the manner reasonably contemplated; (6) the hearer's ignorance of its falsity; (7) his reliance on the truth; (8) his right to rely thereon; and (9) his consequent and proximate injury. Nielson v. Flashberg, 101 Ariz. 335, 419 P.2d 514 (1966).
CRIMINAL INSURANCE SCAM
A. It is a fraudulent practice and unlawful for a person to knowingly:
1. Present, cause to be presented or prepare with the knowledge or belief that it will
be presented an oral or written statement, including computer generated documents,
to or by an insurer, reinsurer, purported insurer or reinsurer, broker or agent of an
insurer, reinsurer or broker that contains untrue statements of material fact or that
fails to state any material fact with respect to any of the following:
(a) An application for the issuance or renewal of an insurance policy
(b) The rating of an insurance policy.
(c) A claim for payment or benefit pursuant to an insurance policy.
paid on any insurance policy.
(e) Payments made pursuant to the terms of any insurance policy.
(f) An application for a certificate of authority.
(g) The financial condition of an insurer, reinsurer or purported insurer or
(h) The acquisition of an insurer or reinsurer or the concealing of any information
concerning any fact material to the acquisition.
2. Solicit or accept new or renewal insurance risks by or for any insolvent insurer,
reinsurer or any other entity licensed to transact insurance business in this state.
3. Conceal or attempt to conceal from the department or remove or attempt to remove
from the home office, place of safekeeping or other place of business of any insurer,
reinsurer or other entity licensed to transact insurance business in this state part or all
of the assets or records of the assets, transactions and affairs.4. Divert or attempt to conspire to divert the monies of an insurer, reinsurer, entity
licensed to transact insurance business in this state or other person in connection with:
(a) The transaction of insurance or reinsurance
(b) The conduct of business activities by any insurer, reinsurer or other entity
licensed to transact insurance business in this state.
(c) The formation, acquisition or dissolution of any insurer, reinsurer or other
entity licensed to transact insurance business in this state.
5. Assist, abet, solicit or conspire with another person to violate paragraph 1 of this
subsection. 6. Employ, use or act as a runner, capper or steerer for the purposes of violating
paragraph 1 of this subsection.AZ 20-463
You have done nothing of the sort.
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