Posted by (American Life InsuranceGuide Network Los Angeles News) Peter Muh Kim, a 39-year-old resident of La Canada Flintridge, California, and his wife Jin Kyung Kim (35 years old) were charged with three felonies today. The charges were arrested, each of which is a crime of insurance fraud.
Insuring terminally ill patients, falsifying the relationship between the insured and the beneficiary
An investigation by the California Insurance Bureau revealed that Peter Kim, a licensed insurance broker, allegedly sold two insurance policies to his wife, Jin Qingying, and listed them as the insured’s niece and insurance policy.Beneficiary.At the same time, Jin Qingying purchased another life insurance policy for the same insured, and listed herself as the insured’s sister and policy beneficiary.The Kim and his wife are suspected of misrepresenting the relationship between Jin Qingying and the insured in order to obtain the benefits of the insurance policy.
"For those who want to engage in insurance fraud, this case is a model, telling them that this is a felony," said California Insurance Commissioner Dave Jones. "The arrest of the suspected offender behind this life insurance fraud case The action is another victory for the Insurance Bureau and the joint law enforcement agency. This is a challenge to anyone who tries to challenge the law.Life Insurance Broker (Agent) PeopleOrLife Insurance Agent (Broker)A warning from —— We will actively investigate any misconduct and cooperate with the district prosecutors to prosecute fraudsters who cheat insurance and dishonest insurance sales. "
Allegedly, the Kings did not disclose to the life insurance company the initial diagnosis that the insured was terminally ill.The insured passed away in July 2014, and the insurance company directly paid Jin Qingying more than $7 million in life insurance death compensation.
Insurance broker has been arrested, the law protects the interests of consumers
Peter Kim is currently detained in Los Angeles’ IRC Prison, while Kim Qingying is in Lynwood County Prison.The bail is 46 US dollars per person, and court time is yet to be determined.
The case is currently being prosecuted by the Los Angeles District Attorney’s Office. The prosecution’s basis is the "Life Insurance and Annuity Consumer Protection Act (LACPP)." Insurance and annuity product consumer protection behaviors.
