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the New York Laws
2023 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 (2023)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 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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