State RegulationsAZ specificDifficulty 2/5
A producer knowingly submits a fraudulent statement as part of an insurance transaction in Arizona. Under A.R.S. 20-463, what is the classification of this offense?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
A.R.S. 20-463 provides that a person who knowingly presents a fraudulent statement as part of an insurance transaction commits a class 6 felony. The same provision protects good-faith reporters, who are immune from liability for reporting suspected fraudulent acts to the Department's fraud unit under A.R.S. 20-466.
Why the other options are wrong
- A) A.R.S. 20-463 makes the knowing presentation of a fraudulent statement a felony, not a mere civil infraction.
- C) The offense is classified as a class 6 felony under A.R.S. 20-463, not a misdemeanor.
- D) A.R.S. 20-463 specifies a class 6 felony; a class 2 felony is not the classification provided.
Memory hook
Knowingly fake in an insurance deal = class 6 felony (A.R.S. 20-463).