What is the insurance fraud statute of limitations?

Have you committed insurance fraud? If so, you may be wondering about the statute of limitations for insurance fraud. One of the consequences of insurance fraud is registration in internal and external fraud registries. One such fraud register is the database of the CIS Foundation. CIS stands for Central Information System. Stichting CIS registers not only insurance fraudsters, but also defaulters and individuals with criminal records. To alert other insurers, your personal information will be registered if you have been caught for insurance fraud. When reviewing an insurance application, an insurer will always check the database briefly to see if you have a CIS registration. How long a CIS registration lasts depends on the type of report. We will tell you what the statute of limitations for insurance fraud is.

Insurance fraud statute of limitations

Insurers consider insurance fraud a serious matter. By committing insurance fraud, you damage the trust of the insurer. Moreover, individuals who have committed fraud pose a great risk to insurance companies. Therefore, a registration for insurance fraud remains in the CIS database the longest. The statute of limitations for insurance fraud is about 8 years. During these 8 years, the report is visible to every affiliated insurer.

Do you want to purchase new insurance during these 8 years? Then you will find that this is not so easy. With a registration for insurance fraud, there is a good chance that every regular insurance company will reject your application. You simply pose too great a risk. The only place to turn is to insurance company De Vereende. De Vereende was founded especially for insuring special risks.