What is the primary purpose of the Iowa Fraud Act?

The primary purpose of the Iowa Fraud Act is to prevent fraudulent claims. This legislation is designed to protect the integrity of the insurance system by making it illegal to file false or misleading claims. Fraudulent activities can lead to increased costs for insurers, which can ultimately affect premiums for all insured individuals. By focusing on preventing such fraud, the Iowa Fraud Act helps ensure that resources are allocated fairly and that legitimate claims can be processed efficiently without the burden of fraudulent activity.