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Insurance Fraud: Understanding the Issues

Overview

Insurance fraud reduces insurer profits, raises premiums, and is a crime against society. It can be defeated by investigators who understand fundamental insurance principles like first-party vs. third-party coverage, insurable interest, policy interpretation, and bad faith. This course provides an overview of insurance fraud, its types, and how to address it, offering insights into confronting the issue and the importance of ethical behavior in investigations.

Summary Details

Hours

4.0







Learning Objectives

  • understand the nature, significance, and prevalence of insurance fraud;
  • distinguish among various types of insurance fraud;
  • recognize fundamental principles that are important when investigating insurance fraud; and
  • distinguish between ethical and unethical behavior expected of various parties to the insurance transaction, especially with respect to claims handling.


Designed For:

Property and casualty insurance agents, brokers, adjusters, and claims professionals at any level in their career


International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 614
Last Reviewed: April 2023
Study Level: Intermediate
Approved For: Adjuster

Exam

Proctor: No
Passing Grade: 70
Questions: 25



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