Lee young man

1) What is the definition of the Financial law ? 2) The definition of insurance fraud 3) Type of insurance fraud 4) Detecting insurance fraud

 The term financial law refers to the legal framework surrounding the process of raising or providing funds or capital. Financial law may apply to areas of law dealing with everything from mortgage and credit card interest rates to mergers and acquisitions.  Financial regulations are enforced to prevent market manipulations like insider trading, to ensure the competence of professionals in the financial industry, to investigate complaints, and to protect consumers. Acts of financial law a re designed to reduce violations and maintain confidence in the overall financial system. Financial law covers a multitude of areas. An agency and a set of rules exist for nearly every type of financial product or infrastructure.

 Insurance fraud occurs when any act committed With the intent to fraudulently obtain Some benefit or advantage to which they are Not otherwise entitled or someone knowingly denies some benefit that is due and to which someone is entitled.

 1 Life insurance  2 Health care insurance  3 Automobile insurance  4 Property insurance  5 Council compensation claims

 Securities law governs the transfer of shares, stocks and bonds. This branch of financial law regulates the exchange of money market instruments, commodities, derivatives, futures, and options. Securities law also regulates brokerage and broker-dealer behavior and disputes.

 Corporate law deals with the formation and regulation of companies, including financing, public offerings and the makeup of corporate boards. Corporate law also covers company behavior including ethics and social responsibility.

The detection of insurance fraud generally occurs in two steps  The first step is to identify suspicious claims that have a higher possibility of being fraudulent  The next step is to refer these claims to Investigators for further analysis.