Question

What is the maximum fine for submitting a false fraudulent claim to the insurer

Answer 1

Answer:

The penalty for filing a false claim is $6,000 -$12,000

Explanation:

The penalty for filing a false claim is $6,000 -$12,000 per claim and the recoverable damages are between two and three times the value of the amount falsely received. In addition, the false claim filer may have to pay the government's legal fees.

Answer 2

Answer:

From about $6000 to $12,000

Explanation:

A conviction for insurance fraud can result in a fine, probation or even a jail term in serious cases, although jail time is usually not more than 5 years.

The fine usually vary depending on the severity offense committed but won't go above $13,000.