Penal Law § 176.50 · Article 176. Insurance Fraud
Life settlement fraud in the fourth degree
Verbatim from the official edition
Text — Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
§ 176.50 Life settlement fraud in the fourth degree.
A person is guilty of life settlement fraud in the fourth degree when he or she commits a fraudulent life settlement act and thereby wrongfully takes, obtains or withholds, or attempts to wrongfully take, obtain or withhold property with a value in excess of twenty-five thousand dollars.
Life settlement fraud in the fourth degree is a class E felony.
Source of truth
- Edition
- Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PEN176.50
- Text hash
- sha256 3edcb7c0b75f67cbf1e87ec9147a8dacc59bf47097aa2d21aa1a9db48af3ac8a
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.