Writing

1. Translate into Ukrainian.

Insurance Fraud is classified as a felony. A fraudulent act is committed if information in insurance applications is falsified in an attempt to obtain lower premium rates, or to inflate the amount of loss in a claim. Defining the crime specifically helps educate law enforcers about insurance fraud and provides prosecutors with clear-cut cases. Raising the level of the crime from a misdemeanor to a felony not only increases the penalties but also acts as a deterrent to future crimes. Immunity Statutes: These laws provide protection for good faith exchange of information between insurers or others and state insurance departments or law enforcement officials. Individuals or organizations are exempt from libel or unfair trade practices lawsuits, which could be brought against them for releasing information on prior claims. Some states have general statutes that apply to all kinds of insurance; in some states the statutes apply only to specific lines of insurance. Insurance fraud occurs when people deceive an insurance company or agent to collect money to which they aren't entitled. Similarly, insurers and agents also can defraud consumers, or even each other. Insurance fraud can be "hard" or "soft." Hard Fraud. Someone deliberately fakes an accident, injury, theft, arson or other loss to collect money illegally from insurance companies. Crooks often act alone, but increasingly, organized crime rings stage large schemes that steal millions of dollars. Soft Fraud. Normally honest people often tell "little white lies" to their insurance company. Many people think it’s just harmless fudging. But soft fraud is a crime, and raises everyone’s insurance costs. Consider…

A car owner understates how many miles she drives annually to lower her auto premium… A home owner inflates the value of his stereo equipment stolen during a robbery… Or a printing business lists fewer employees than it really has in order to pay lower workers compensation premiums.

2. Describe measures you can use to protect yourself from imposter fraud. Speaking tasks

You are expected to speak for about three-four minutes.

1/. What do you know about the definition of the term ‘fraud’?

2/. What are acts which may constitute criminal fraud ( in International/English law)?

3/. Speak about fraud against the EU.

4/. What do you know about the problems connected with goods’ shipment;

5/. Do you agree/disagree that any economic crime is financial crime too?

Argue your answer.

6/. What is consumer fraud? Speak about any kind of it.

7/. What do you know about Financial Pyramid ?

8/. Speak about Phoney Bank Inspector and Land speculation.

9/. What is Home Improvement Scheme?

10/. What do you know about fraud in financial sphere?

SUGGESTED TOPICS FOR STUDENTS’ PROJECT WORK:

1. Fraud in Internet;

2. Consumer Fraud: Spam;

3. Consumer Fraud: Pyramid Scheme;

4. Consumer Fraud: Chain Letter and Ponzi Scheme;

5. Consumer Fraud: How to Protect Yourself;

6. Insurance Fraud;

7. Identity Theft and Identity Fraud;

8. Credit Card Fraud;

9. The Russian Pyramids;

10. Confidence Games.