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Question
Any action taken with the intention to obtain a fraudulent benefit from an insurance process is an fraud.
Options
Credit card fraud
False accounting fraud
Insurance fraud
Intellectual property fraud
Solution
Insurance fraud
Explanation:
Any action taken with the intention to obtain a fraudulent benefit from an insurance process is an insurance fraud. Such a fraud happens when a person tries to obtain some advantage to which he/she is not entitled. It may also occur when an insurer knowingly denies a due benefit to the insured/beneficiary.
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