2022 New York Laws
PEN - Penal
Part 3 - Specific Offenses
Title K - Offenses Involving Fraud
Article 176 - Insurance Fraud
176.50 - Life Settlement Fraud in the Fourth Degree.

Universal Citation: NY Penal L § 176.50 (2022)
§ 176.50 Life settlement fraud in the fourth degree.

A person is guilty of life settlement fraud in the fourth 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 twenty-five thousand dollars.

Life settlement fraud in the fourth degree is a class E felony.

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