Intentional lying or concealment by policyholders to obtain payment of an insurance claim that would otherwise not be paid, or lying or misrepresentation by the insurance company managers, employees, agents and brokers for financial gain.

"Fraud" In Context

"APPLETON, Wis. (AP) -- A jury will soon begin deliberations in the fraud trial against the Catholic Diocese of Green Bay. Two brothers, Troy and Todd Merryfield, sued the diocese in 2008. The suit alleges the diocese committed fraud by repeatedly ..."