Final answer:
The primary purpose of the insurance fraud act is to prevent and punish fraudulent activities related to insurance.
Step-by-step explanation:
The primary purpose of the insurance fraud act is to prevent and punish fraudulent activities related to insurance. Insurance fraud refers to any deliberate deception or misrepresentation made by an individual or entity to obtain an insurance benefit illegally. This act aims to protect insurers, policyholders, and the overall insurance industry by promoting honesty and integrity in insurance transactions.