What might happen if someone is dishonest on their insurance application?(1 point) Responses The insurance company is very unlikely to find out. The insurance company is very unlikely to find out. If it is a small lie, the insurance broker will ignore it. If it is a small lie, the insurance broker will ignore it. The policyholder may be prosecuted for insurance fraud, which is a crime. The policyholder may be prosecuted for insurance fraud, which is a crime. The insurance company will just raise the premiums and forget about it.
The policyholder's claim may be denied or voided if the insurance company discovers the dishonesty, and they may face legal consequences for insurance fraud.
