2019 New York Laws
PEN - Penal
Part 3 - Specific Offenses
Title K - Offenses Involving Fraud
Article 176 - Insurance Fraud
176.55 - Life Settlement Fraud in the Third Degree.

Universal Citation: NY Penal L § 176.55 (2019)
§ 176.55 Life settlement fraud in the third degree.

A person is guilty of life settlement fraud in the third degree when he or she commits a fraudulent life settlement act and thereby wrongfully takes, obtains or withholds, or attempts to wrongfully take, obtain or withhold property with a value in excess of fifty thousand dollars.

Life settlement fraud in the third degree is a class D felony.


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