{"id":373557,"date":"2016-04-11T01:22:34","date_gmt":"2016-04-11T06:22:34","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/state\/kentucky-law\/kentucky-insurance-fraud-laws.html"},"modified":"2016-06-20T19:50:47","modified_gmt":"2016-06-21T00:50:47","slug":"kentucky-insurance-fraud-laws","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/state\/kentucky-law\/kentucky-insurance-fraud-laws.html","title":{"rendered":"Kentucky Insurance Fraud Laws"},"content":{"rendered":"\n
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Kentucky Insurance Fraud Laws<\/h1>\n
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Created by FindLaw’s team<\/a> of legal writers and editors<\/i><\/p>\n\n | Last reviewed\n

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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Insurance fraud is essentially an attempt to improperly benefit from an insurance policy. The offender can be either the insured party or the insurer. Most insurance fraud<\/a> can be classified as either "hard fraud" or "soft fraud." Hard insurance fraud occurs when someone intentionally fakes an accident, injury, theft, or arson in order to illegally collect from an insurer. Soft insurance fraud is also illegal and exists where a policyholder exaggerates the extent of their injury or loss in order to pad their insurance claim.<\/p>\n

Both hard and soft insurance fraud is criminalized under Kentucky’s main insurance fraud law, the Fraudulent Insurance Act. The following chart illustrates the key points of this act.<\/p>\n\n

Code Section <\/b><\/p>\n<\/td>\n

Kentucky Revised Statutes section 304.47-020<\/a>: The Fraudulent Insurance Act<\/b><\/td>\n<\/tr>

What’s Prohibited? <\/b><\/p>\n<\/td>\n

A person or entity engaging in any of the following knowingly and with the intent to defraud: