What are the consequences of fraudulent insurance?

Legal analysis: fraudulent insurance may be suspected of insurance fraud. If the amount is relatively large, he shall not only be sentenced to fixed-term imprisonment of not more than five years or criminal detention, but also be fined not less than 10,000 but not more than 100,000. If the amount of insurance fraud is huge, he shall not only be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, but also be fined not less than 20,000 but not more than 200,000. If the amount is especially huge, it will not only be sentenced to fixed-term imprisonment of more than 10 years by the court, but also be fined more than 20,000 but less than 200,000 or confiscated property.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 148 If a party causes the other party to commit a civil juristic act against its true meaning by fraudulent means, the aggrieved party has the right to request the people's court or an arbitration institution to cancel it.

Article 149 If a third party commits a civil juristic act against its true meaning due to fraud, and the other party knows or should know about the fraud, the defrauded party has the right to request the people's court or an arbitration institution to cancel it.

Article 150 If one party or a third party coerces the other party to carry out a civil legal act against its true meaning, the coerced party has the right to request the people's court or an arbitration institution to cancel it.