{"data":{"id":"us-ny/n.y.-penal-law-176.55","jurisdiction":"us-ny","citation":"N.Y. Penal Law § 176.55","heading":"Life settlement fraud in the third degree","body":"§ 176.55 Life settlement fraud in the third degree.\n  A person is guilty of life settlement fraud in the third degree when\nhe or she commits a fraudulent life settlement act and thereby\nwrongfully takes, obtains or withholds, or attempts to wrongfully take,\nobtain or withhold property with a value in excess of fifty thousand\ndollars.\n  Life settlement fraud in the third degree is a class D felony.","path":["Penal Law","Part 3. Specific Offenses","Title K. Offenses Involving Fraud","Article 176. Insurance Fraud"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PEN/176.55","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"4db55d3aedd4fafc88f19dd12114b29652ea6599dd3372895696e740d2911740","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-penal-law-176.50","next":"us-ny/n.y.-penal-law-176.60"},"notice":"GroundRules: Original legal text. Not legal advice."}