New Jersey legislators are considering a bill that would make it the second state to impose criminal penalties for staging an auto accident to perpetrate insurance fraud.
State Senate bill S2426 would make it a criminal offense for anyone staging an auto accident to collect on an insurance claim.
The bill, which was reported out of the Senate Law and Public Safety and Veteran's Affairs Committee on Tuesday, would impose penalties ranging from 18 months to 10 years in prison and fines from $10,000 to $150,000, or both depending on whether someone is injured or killed in commission of the crime.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.