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Which of the following statements regarding the Insurance Fraud Prevention Act is correct? A This Act is designed to help investigate and eliminate arson B

Which of the following statements regarding the Insurance Fraud Prevention Act is correct?

This Act is designed to help investigate and eliminate arson

The deliberate concealment of material facts on an insurance application is different than fraud

The Superintendent may impose a civil penalty of up to $500 per violation under this Act

The Act defines fraud as a form of misrepresentation committed by agents during the sales process

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