N.Y. Penal Law 176.30 – Insurance fraud in the first degree
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§ 176.30 Insurance fraud in the first degree.
Attorney's Note
Under the New York Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class B felony | between 1 and 25 years | up to $30,000 |
Terms Used In N.Y. Penal Law 176.30
- Fraud: Intentional deception resulting in injury to another.
A person is guilty of insurance fraud in the first degree when he commits a fraudulent insurance act and thereby wrongfully takes, obtains or withholds, or attempts to wrongfully take, obtain or withhold property with a value in excess of one million dollars.
Insurance fraud in the first degree is a class B felony.