Plain English Breakdown
The official source does not provide information on the exact handling of fraud cases at exactly $1,500 or below $1,500.
Increase in Insurance Fraud Penalty
This amendment increases the amount of money involved in insurance fraud that is considered serious enough to be charged as a class G felony from $1,000 to $1,500.
What This Bill Does
- Changes the law so that getting property or services worth more than $1,500 through false information on an insurance application becomes a class G felony.
Who It Names or Affects
- People who commit insurance application fraud with property or services worth more than $1,500
Terms To Know
- Felony
- A serious crime that can lead to a long prison sentence.
- Class G felony
- One of the categories for felonies, usually less severe than others but still very serious.
Limits and Unknowns
- Does not specify what happens if fraud is exactly $1,500.
- The bill does not change how insurance fraud under $1,500 is handled.