Life insurance fraud is becoming more common; learn how to detect these acts and prevent them from happening.
The insurance industry is among the most heavily regulated industries in America. Despite intense regulation, insurance fraud is prevalent, costing the insurance industry billions of dollars every year. This topic will enable you to: understand the various forms of life insurance fraud; identify the warning signs of fraud, and acquire best practices for preventing fraud. The information will benefit both life insurers and consumers in learning how to avoid the costly consequences of fraud.
Learning Objectives
- You will be able to identify what life insurance fraud is.
- You will be able to differentiate between several types of life insurance fraud.
- You will be able to identify the warning signs of life insurance fraud.
- You will be able to recognize how to combat life insurance fraud.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction to Life Insurance Fraud
- What Is Life Insurance Fraud?
- The Effects of Life Insurance Fraud on the Insurance Industry
- Statistics
Types of Life Insurance Fraud
- Application/Underwriting Fraud
- Claims/Death Fraud
- Agent Fraud
- Forgery
Identifying Warning Signs of Life Insurance Fraud
- Warning Signs for Insurers
- Warning Signs for Consumers
Best Practices in Fraud Prevention
- Training Employees in Fraud Prevention
- Implementing an Effective Special Investigative Unit
- Analytic Technologies Available for Fraud Prevention
- Consumer Strategies for Avoiding Fraud
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on November 15, 2023.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.0
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.0 hours credit.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
CPE/NASBA - QAS Self Study 1.6 including Specialized Knowledge 1.6
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Alexander (Alex) B. Feinberg
Maynard Cooper & Gale, P.C.
- Shareholder in the Insurance Practice Group of Maynard Cooper & Gale, P.C.
- Practice primarily focuses on insurance and financial services litigation, including cases involving insurance bad faith, insurance fraud, and complex coverage disputes
- Regularly attends and speaks at national insurance industry events, and he has been named a Mid-South Rising Star by Super Lawyers Magazine
- J.D. degree, Samford University’s Cumberland School of Law; B.A. degree, Duke University
- Can be contacted at 205-254-1000 or [email protected]
Mary Caroline Wynn
Maynard Cooper & Gale, P.C.
- Associate in the Insurance Practice Group of Maynard Cooper & Gale, P.C.
- Practice primarily focuses on defending insurance companies and other financial institutions in a variety of complex litigation matters
- Routinely represents life insurance companies in coverage disputes, interpleaders, and cases involving fraud and bad faith
- J.D. degree, University of Alabama School of Law
- Can be contacted at 205-254-1000 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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