What is defined as 'insurance fraud'?

The definition of 'insurance fraud' encompasses a broad range of deceptive practices aimed at securing an undeserved benefit from an insurance policy. This includes any act committed with the specific intent to deceive an insurer for financial gain. This means that fraud can involve various activities, such as misrepresentation on applications, submitting false claims, or falsifying information to manipulate the terms of a policy or claim. The key component is the intent to deceive, which distinguishes these actions as fraudulent.

The other options represent actions that could be involved in insurance fraud but do not capture the full legal definition of fraud itself. For instance, while misleading statements on an application can result in fraud, they must be linked to the intent to deceive for gain to fit the broader definition. Claiming damages that have not occurred is indeed a fraudulent act, but, again, it is only one specific form of fraud. Withholding information from the insurer is similarly a deceptive practice but does not encapsulate the comprehensive scope of actions that can be considered insurance fraud. Hence, the most accurate and complete definition is that it is any act committed with the intent to deceive an insurer for financial gain.