insurance fraud

insurance fraud
Deliberate but secret causing of an event, for which a claim for compensation for insured property becomes seemingly lawful according to the insurance policy and receiving such a compensation.

My mom took an insurance policy for her car, and, in need of money, she secretly blew it up, blaming the event on the gas leak at the gas station. Then she received compensation from the insurance company for the damage. Therefore, she committed insurance fraud.


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  • insurance — noun /ɨn.ˈʃɹ̩.ɨns,ˈɪn.ʃə.ɹɨns/ a) A means of indemnity against a future occurrence of an uncertain event. The car was totalled, but fortunately I had insurance. b) The business of providing insurance. After five years in banking, I switched to… …   Wiktionary

  • fraud — noun /frɔːd,frɔd,frɑd/ a) Any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain. b) The assumption of a false identity to such deceptive end Syn: deceit, trickery, ho …   Wiktionary

  • fraud — [frɔːd] noun 1) [C/U] the crime of obtaining money from someone by tricking them tax/insurance fraud[/ex] 2) [C] someone who pretends to be an official or professional person in order to trick people …   Dictionary for writing and speaking English

  • Insurance Services Office — Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients… …   Wikipedia

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