Penalties for deliberately misrepresenting information
Insurance fraud is a criminal offense, a type of financial fraud, which is punishable by the Icelandic penal code. If the insured intentionally provides false or incomplete information which he knows or may know to result in him being paid compensation which he does not have the right to, all his rights due to the particular insurance event are forfeit, according to the Act on Insurance Contracts no. 30/2004.
Report insurance fraud
If you have information or suspect about insurance fraud, you can fill out the form below.