CFE Exam - Financial and Fraud Schemes Exam Questions With 100% Verified Answers
2 views 0 purchase
Course
CFE
Institution
CFE
CFE Exam - Financial and Fraud Schemes
Exam Questions With 100% Verified
Answers
Illegal gratuity - answerItems to reward a decision after the recipient made the decision. Like a
bribe
Extortion - answergetting money by threats
Economic extortion - answerWhen employee demands money through th...
Insurance Premium Fraud - answer✔Lying about certain information to insurer for a lower
premium
Insurance Agent Fraud - answer✔An agent would steal part of the insurance premium from the
insured client. Probably by charging the client more than the insurer is asking for.
Insurance Claimant Fraud - answer✔Misrepresenting the circumstance of an injury to get a
higher claim.
Organized Insurance Fraud - answer✔United efforts of a lawyer, capper, a doctor, and claimant.
Used in worker's compensation fraud and medical fraud.
Ditching - answer✔Getting rid of a car to collect on an insurance policy to settle an outstanding
loan.
Sliding - answer✔Including additional coverage in an insurance policy without the insured's
knowledge. This creates higher premium.
Past Posting - answer✔First there is an accident. Then the person buys insurance, then waits a
little bit then claims on the accident.
Insurance agent fraud - premium fraud - answer✔Agent collects on a premium but does not give
to the insurer.
Insurance agent fraud - fictitious payee fraud - answer✔Agent changes beneficiary on record to a
fictitious person
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brainbarter. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
