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According to the Federal Fraud and False Statements Act, which of these is considered to be an intentional violation?

a. writing controlled business
b. making false entries in a company's books
c. transacting insurance outside a licensee's home state
d. sharing commissions with a licensed agent

User Tgo
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1 Answer

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Final answer:

According to the Federal Fraud and False Statements Act, making false entries in a company's books is considered to be an intentional violation.

Step-by-step explanation:

According to the Federal Fraud and False Statements Act, making false entries in a company's books is considered to be an intentional violation. This means that intentionally recording false or inaccurate information in a company's records can be classified as a violation of the Act.

For example, if an employee deliberately enters incorrect financial figures in a company's ledger to manipulate the financial statements and deceive investors or regulators, it would be viewed as an intentional violation of the Act.

Other actions mentioned in the answer choices, such as writing controlled business, transacting insurance outside a licensee's home state, or sharing commissions with a licensed agent, may be violations of other laws or regulations, but they may not necessarily fall under intentional violations of the Federal Fraud and False Statements Act.

User Rockney
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