Insurance fraud is the deliberate deception of an insurance company or agent for the purpose of unlawful financial gain and can occur during the buying, selling, underwriting or using of insurance. Some examples of insurance fraud include:

• Not disclosing pertinent medical information when applying for insurance.
  
• Exaggerating a claim.
  
• Filing a false claim.
  
• Accepting disability benefit payments after returning to work.

So who pays for fraud?

Because some people cheat, we all pay the price. Policyowners, taxpayers, insurance companies and the general public end up paying for this crime through higher taxes, higher premiums and higher prices for goods and services. According to the Coalition Against Insurance Fraud, the average New York family pays a "hidden tax" of more than $1,000 each year on the costs of goods and services to make up for the cost of fraud.

What Can I Do?

If you suspect insurance fraud, please notify us immediately by calling: 800-346-7171
or writing to:
Security Mutual Life Insurance Company of New York
P.O. Box 1625
100 Court Street
Binghamton, New York 13902-1625