North Carolina Insurance Commissioner Mike Causey today announced the arrest of Mehul Himant Shah, 46, of 105 William Henry Way, Cary. Shah was charged with insurance fraud, a felony.
According to the arrest warrant, Shah provided North American Life and Health Insurance Co. false information regarding his medical and prescription histories.
The offense occurred between Jan. 29 and Feb. 18.
Special agents with the Department of Insurance’s Criminal Investigations Division arrested Shah on March 4. He was released on a $5,000 unsecured bond
"It troubles me that some people think insurance fraud is a victimless crime,” Commissioner Causey said. “Nearly 20 cents of every insurance premium dollar goes to cover the cost of insurance fraud. Consumers are the real victims of this kind of criminal behavior.”
Over the past three years, CID Special Agents recovered nearly $12 million used in fraudulent activities. That money has been returned to consumers and insurance companies. The restitution also helps preserve insurance rates.
To report suspected fraud, contact the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.gov.