There is a newer version
of
the New York Laws
2021 New York Laws
PEN - Penal
Part 3 - Specific Offenses
Title K - Offenses Involving Fraud
Article 176 - Insurance Fraud
176.40 - Fraudulent Life Settlement Act; Defined.
Universal Citation: NY Penal L § 176.40 (2021)
§ 176.40 Fraudulent life settlement act; defined. A fraudulent life settlement act is committed by any person who, knowingly and with intent to defraud, presents, causes to be presented, or prepares with knowledge or belief that it will be presented to, or by, a life settlement provider, life settlement broker, life settlement intermediary, or any agent thereof, or to any owner any written statement or other physical evidence as part of, or in support of, an application for a life settlement contract, a claim for payment or other benefit under a life settlement contract, which the person knows to:(1) contain materially false information concerning any material fact thereto; or
(2) conceal, for the purpose of misleading, information concerning any fact material thereto.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
