What are the consequences of making a false statement on an insurance claim?

In Hawaii, it is a crime to make a false statement on an insurance claim. Any person who knowingly makes false and fraudulent statements or conceals any material information when filing an insurance claim may be subject to criminal charges. Depending on the severity of the offense, the punishment can range from fines up to $10,000, and in some cases, imprisonment. Additionally, misrepresenting information on an insurance claim may result in legal action by the insurance company. The insurer may deny the claim, or they can sue for damages incurred by the false statements. In other words, not only can one be held criminally liable, but they can also be held financially liable. In some cases, the insurance company may take action against the insured’s license or file a complaint with the licensing board. This could result in the suspension or revocation of the license and have other serious implications. Finally, making false statements or omitting critical information on an insurance claim can be damaging to one’s reputation. It is important to remember the importance of being honest when filing an insurance claim. This can help protect you from any legal, financial, or reputation related consequences that could arise from making false statements.

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What are the consequences of making a false statement on an insurance claim?

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