Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In this section:
"application" means:
(a) an application to EFIC to enter into a contract of insurance or indemnity; or
(b) an application to EFIC for the giving of a guarantee by EFIC; or
(c) an application to EFIC for the making of a loan by EFIC.
"claim" means:
(a) a claim under a contract of insurance or indemnity entered into by EFIC; or
(b) a claim under a guarantee given by EFIC; or
(c) a claim for payment under a loan made by EFIC.
(2) A person must not, in, or for the purposes of, a claim, make a statement to EFIC, or give to EFIC a document, that the person knows to be false or misleading in a material particular.
Penalty: Imprisonment for 5 years.
(3) A person must not, in, or for the purposes of, an application, make a statement to EFIC, or give to EFIC a document, that the person knows to be false or misleading in a material particular.
Penalty: Imprisonment for 5 years.
(4) Subsections (2) and (3) do not apply to a document that is false or misleading in a material particular if, when the person gives it to EFIC, the person informs EFIC that it is, to the person's knowledge, false or misleading in a material particular and identifies to EFIC that particular.