Penal Law § 176.45

Life settlement fraud in the fifth degree  ·  as in force on May 31, 2026

§ 176.45 Life settlement fraud in the fifth degree.

A person is guilty of life settlement fraud in the fifth degree when he or she commits a fraudulent life settlement act.

Life settlement fraud in the fifth degree is a class A misdemeanor.

Official sourcehttps://www.nysenate.gov/legislation/laws/PEN/176.45

In plain English

A person commits fifth-degree life settlement fraud by committing a fraudulent life settlement act. ★ The offense is a class A misdemeanor.

Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.

In print

This provision appears in Volume 4 — The Court Clerk: Penal Law; Volume 1 — The Court Officer in Plain English; Volume 3 — The Court Officer: Penal Law; Volume 3 — Your Career: Penal Law in Plain English.