New York statute
N.Y. Penal Law § 176.60 — Life settlement fraud in the second 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 § 176.60
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.
176.60 Life settlement fraud in the second degree.
A person is guilty of life settlement fraud in the second 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 one hundred
thousand dollars.
Life settlement fraud in the second degree is a class C felony.
Official sources
Legal terms used in this section
Questions this section answers
What class of felony is life settlement fraud in the second degree in New York?
Life settlement fraud in the second degree is a Class C Felony in New York under N.Y. Penal Law § 176.60.
Which New York statute covers life settlement fraud in the second degree?
Life settlement fraud in the second degree is governed by N.Y. Penal Law § 176.60 (Life settlement fraud in the second degree).
This reference is informational and is not legal advice.