Which type of insurance-related fraud involves knowingly providing false information?

The type of insurance-related fraud that involves knowingly providing false information is known as insurance fraud. This term broadly encompasses a variety of fraudulent activities aimed at obtaining a benefit to which one is not entitled from an insurance policy. This includes providing incorrect details at any point in the insurance process, whether during application, claims, or any other interaction with the insurer.

Application fraud, while a specific subset under the umbrella of insurance fraud, focuses exclusively on the act of submitting false information on an application for insurance. This can include exaggerating the value of insured items or failing to disclose necessary information. In contrast, insurance fraud captures a wider array of fraudulent activities beyond just the application process, making it the more encompassing term.

Claims fraud specifically relates to actions taken after the issuance of an insurance policy, where an individual might submit false claims to receive benefits improperly. Contract fraud could involve deceptive practices in the terms of an insurance contract specifically, but it is not as broadly applied as insurance fraud.

Thus, the choice of insurance fraud correctly identifies the overarching concept that includes knowingly providing false information among its various forms.