What is Insurance Fraud?Insurance fraud artists steal billions of dollars each year from hardworking Americans. According to the Coalition on Insurance Fraud, it is estimated that each household pays approximately $1,000 extra in insurance premiums each year to offset the cost of insurance fraud. Show
Fraud takes many forms: completing a false document, making a false statement, an agent pockets a premium, selling unauthorized insurance, exaggerating a claim, making a fradulent claim. These actions are illegal and happen every day by organized criminals and everyday people alike. Click HERE for an Insurance Fraud FAQ. Consumers are encouraged to report insurance fraud activities to the Maryland Insurance Administration's Insurance Fraud Division. You need not give your name. Simply call 1-800-846-4069 or print and submit the attached form by mail or fax. Our fax number is: 410-347-5350. Consumers may also email fraud referrals by sending completed forms to . Insurance FraudCivil Fraud Orders
Criminal Fraud Cases
Press Releases
Fraud Referral Form
Insurance Fraud Alert for Older Adults
Older Adults are often targets of insurance fraud, particularly in regard to life and health insurance. If you are an older adult, it’s a good idea to seek advice from your friends or family, or from a trusted accountant, attorney, or financial adviser before making an insurance purchase. You should also feel free to contact your local Senior Health Insurance Program (SHIP) counselor in your local Department of Aging. SHIP counselors are trained individuals that can help you answer questions about Medicare benefits, bills and rights. Click here for a list of SHIP counselor phone numbers, or visit the Maryland Department of Aging’s website. Be especially wary of a salesperson or telephone caller who:
If you suspect Medicare fraud (for example, overbilling for services or billing for services you did not receive) or if you would like more information, you should contact the Maryland Senior Medicare Patrol at the Maryland Department of Aging at 800-243-3425 or 410-767-1100 or visit their website at http://aging.maryland.gov. If you suspect other types of insurance fraud, contact the Maryland Insurance Administration at 1-800-846-4069. # # # October 2012 For a printer-friendly version of this report, click here. Consumer Guide to Insurance Fraud
Insurance Fraud Public Meeting June 20, 2016
What is it called when a producer agent or broker makes a false statement about an insurer's financial condition?When a producer, agent, or broker makes a false statement about the benefits or the nature of an insurance policy, the person is guilty of: Misrepresentation.
Which of the following terms describes making false statements about the financial condition?Defamation is making statement which are false as to the financial condition of any insurer and which are calculated to injury any person engaged in the business of insurance.
Which of the following describes a misrepresentation?Which of the following best describes a misrepresentation? Misrepresentation is issuing, publishing or circulating any illustration or sales material that is false, misleading or deceptive as to policy benefits or terms, the payment of dividends, etc.
Which of the following is an example of a producer being involved in an unfair?Which of the following is an example of a producer involved in an unfair trade practice of rebating? Telling a client that his or her's first premium will be waived if he/she purchased the insurance policy today.
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What is it called when a producer agent or broker makes a false statement about an insurers financial condition?
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