WebCE Insurance Fraud Exam Questions
and Answers with Verified Solutions | Latest
Updated 2026
______ is suitably described as Fraud
theft
by deception.
______ insurance fraud takes Hard
place
when a person deliberately fakes
an accident or fabricates a loss
_____ insurance fraud occurs Soft
when
someone pads or adds to a
legitimate claim, it can also be as
opportunistic fraud.
_______ fraud is committed Internal
against
an insurance company or its
policyholders by insurance
agents, managers, executives,
and
other employyees
, ___________ on insurance Misrepresentations
applications
take place when agents assist
applicants in misrepresenting or
omitting information material to
the coverage sought
If misrepresentation is not deny the claim.
discovered until after a loss, the
company may rescind the policy
and ___________________
________ Fraud schemes are External
those
directed against insurance
companies by individuals or
entities such as policyholders,
medical providers, beneficiaries,
and career criminals. (arson,
disaster fraud, maufactured
fraudulent claims, exaggerated
claims)
________ fraud involves claims Disaster
made
by disaster victims for more
damages than actually occurred
or damages that never occurred.
It can also include collecting
money to repair damaged
property but not completing the
work
and Answers with Verified Solutions | Latest
Updated 2026
______ is suitably described as Fraud
theft
by deception.
______ insurance fraud takes Hard
place
when a person deliberately fakes
an accident or fabricates a loss
_____ insurance fraud occurs Soft
when
someone pads or adds to a
legitimate claim, it can also be as
opportunistic fraud.
_______ fraud is committed Internal
against
an insurance company or its
policyholders by insurance
agents, managers, executives,
and
other employyees
, ___________ on insurance Misrepresentations
applications
take place when agents assist
applicants in misrepresenting or
omitting information material to
the coverage sought
If misrepresentation is not deny the claim.
discovered until after a loss, the
company may rescind the policy
and ___________________
________ Fraud schemes are External
those
directed against insurance
companies by individuals or
entities such as policyholders,
medical providers, beneficiaries,
and career criminals. (arson,
disaster fraud, maufactured
fraudulent claims, exaggerated
claims)
________ fraud involves claims Disaster
made
by disaster victims for more
damages than actually occurred
or damages that never occurred.
It can also include collecting
money to repair damaged
property but not completing the
work
