The Insurance Code, as amended by Republic Act 10607, imposes a penalty of best and/or imprisonment on any character who gives or reasons to be provided any fraudulent declare for price of a loss under a settlement of coverage and who fraudulently prepares, makes or subscribes any writing with cause to give or use the equal or allow it to be offered in assist of any declare.
Dooc said the hints offer best the minimal requirements for insurance businesses within the practise of a brand new or revision of its anti-fraud plans as a way to offer flexibility for every organisation to undertake an anti-fraud plan suitable to their personal condition.
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