§ 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:
ClassPrisonFine
Class B felonybetween 1 and 25 yearsup to $30,000
For details, see N.Y. Penal Law § 70.00

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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.