Section 375. Insurance fraud

A penalty of a fine or imprisonment for a term not exceeding two years shall be applied to any person who
  1. a.
    when entering into an insurance agreement withholds information or provides false information about circumstances of significance to the insurer, or is grossly negligent with regard to their significance, or
  2. b.
    with the aim of obtaining an insurance payout for himself/herself or others, damages or destroys an insured object or by other means causes an insurance event.
The same penalty shall apply to any person who with intent to obtain an insurance payout for himself/herself or others
  1. a.
    falsely claims that or makes it appear as if an insurance event has occurred,
  2. b.
    makes a report of damage that is palpably disproportionate to the damage incurred, or otherwise provides false or incomplete information, or
  3. c.
    claims compensation for an object which is not insured, does not exist or is not damaged.