Auto Insurance Rate evasion

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PostPosted: Mon Dec 26, 2011 12:41 am   Post subject: Auto Insurance Rate evasion  

Hi All;



Has anyone here has ever reported or been reported for insurance fraud - that is insurance rate evasion? I know that NY just passed a bill recently making it a class E felony to commit such an act. Which one can face up to 1 year in and jail and 250K in fines.



Do the authorities actually give this type of fraud any seriousness? HELP!


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Adsan1280
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PostPosted: Mon Dec 26, 2011 3:13 pm   Post subject:   

The authorities do give this particular offense a lot of serious attention. A couple of years ago 24 people were arrested from New York, New Jersey and Pennsylvania for insurance rate evasion. They were charged with presenting false information to a governmental body, applying for insurance using false or misleading information, and fraudulent application for state registration. Each individual faced a fine of $10,000 to $15,000 and 5 to 7 years of imprisonment.



Depending on the extent of the felony, the charges can vary between a class C felony (forgery in the first degree) and a class E felony. Thus the amount of jail time and fine can also vary significantly.


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SWilson
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PostPosted: Tue Dec 27, 2011 8:41 pm   Post subject:   

I know it has only recently become added to the law books (June 2011)...I know quite a few people on my block in brooklyn that live here in NY all year around and register/insure their vehicles in Florida and North Carolina. They are always parked in the same place daily. I'm bothered because these people are cheating the system while on the hand people like myself pay higher premiums because of them.


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Adsan1280
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PostPosted: Wed Dec 28, 2011 10:30 am   Post subject:   

Quote:
Do the authorities actually give this type of fraud any seriousness? HELP!


You apparently are a criminal on the loose? If it wasn't serious, it would not be newly enacted into law. On the other hand, there are many ineffective laws still on the books.



For example, in California, it is still unlawful to conduct a horse race on the main street of a town. Go figure.


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PostPosted: Wed Dec 28, 2011 11:27 am   Post subject:   

The authorities have been regularly cracking down on insurance rate evaders since the 2009 incident in Pennsylvania. New York, Brooklyn and Queens are home to such offenders in large numbers simply because premium rates are pretty high in these areas to begin with. Rate evaders are pushing them up even further. Since honest citizens like you are the ones who end up bearing the brunt, you should take the initiative to report such people to the proper authorities. Staying quiet about the issue would only mean paying more.



Quote:


For example, in California, it is still unlawful to conduct a horse race on the main street of a town. Go figure.


That just made my day LaughingLaughingLaughing

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Myung
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