Insurance Fraud Can Result in Jail Time


Insurance fraud is common across our country. Insurance fraud costs everyone and the ones it hurts the least are the ones who commit the crime. Well, actually, it hurts those who don't get caught the least. Those who get caught can face several years of jail time and fines. The best recipe for avoiding insurance fraud is to make people aware of the potential ramifications of making false claims and to report it if you see it. If you know someone is filing a claim or a complaint based on false or exaggerated information, you will be doing yourself a favor along with all other premium payers to report the situation. You can report it to your boss, your insurance carrier, your insurance department, or the local authorities depending on the situation.

Scott Reynolds

About Scott Reynolds

Scott Reynolds is the President of Member Insurance Ltd. and CEO of Member Insurance Agency, Inc. Scott joined Member Insurance and was elected to the MIL Board of Directors in 2011. He is responsible for the overall operations of Member Insurance Limited and Member Insurance Agency. [Full Bio]