New York statute
N.Y. Penal Law § 176.50 — Life settlement fraud in the fourth degree
Current through 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17)
Part of Article 176: Insurance Fraud, New York Penal Law.
Criminal charges under this statute
Full text of N.Y. Penal Law § 176.50
Statutory text current through the 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17). This publication reproduces the text of the Consolidated Laws of New York as provided by the New York State Senate's Open Legislation service (Legislative Bill Drafting Commission statutory text); it is not the official statutes of the State of New York.
176.50 Life settlement fraud in the fourth degree.
A person is guilty of life settlement fraud in the fourth degree when
he or she commits a fraudulent life settlement act and thereby
wrongfully takes, obtains or withholds, or attempts to wrongfully take,
obtain or withhold property with a value in excess of twenty-five
thousand dollars.
Life settlement fraud in the fourth degree is a class E felony.
Official sources
Legal terms used in this section
Questions this section answers
What class of felony is life settlement fraud in the fourth degree in New York?
Life settlement fraud in the fourth degree is a Class E Felony in New York under N.Y. Penal Law § 176.50.
Which New York statute covers life settlement fraud in the fourth degree?
Life settlement fraud in the fourth degree is governed by N.Y. Penal Law § 176.50 (Life settlement fraud in the fourth degree).
This reference is informational and is not legal advice.