Clean Sheeting


  • A form of insurance fraud where an individual, acting alone or with the help of a third party such as an insurance broker, defrauds an insurer in order to receive coverage by failing to disclose a pre-existing terminal illness or disease. Those who exploit insurance companies through clean sheeting often sell their insurance policies through a viatical settlement soon after being accepted. Also known as "concealment."

hiding pre-existing conditions, hiding health conditions, non-disclosure

Related Terms and Acronyms

  • Collusion Definition,
    • A secret, deceitful agreement by two or more parties to defraud others.
  • Exclusions Definition,
    • Situations, as listed in an insurance policy, where insurance companies are allowed to deny coverage to policyholders.
  • Fidelity Bond Definition,
    • Insurance that protects a business from losses due to employee fraud, such as theft, forgery or fraudulent trading.
  • Insurance Fraud Definition,
    • An illegal attempt by an individual or entity to receive insurance benefits that they would otherwise not be entitled to or for an insurance company to deny a legitimate insurance claim.
  • Mis-selling Definition,
    • The act of misleading a client into buying a product or service by deliberately misrepresenting the aforementioned product or service.
  • Money Laundering (ML) Acronym,
    • A process used by individuals to conceal illegally acquired funds by converting them into seemingly legitimate income. The term is generally associated with organized crime and those who need to legitimize illegally earned funds.
  • Pre-existing Condition (PRE-X) Acronym,
    • A medical condition that's occurrence precedes the writing of an insurance policy.
  • Unauthorized Insurance Definition,
    • A fraud where a scammer sells a victim an insurance policy that doesn't exist.
  • Unfair Claims Practice Definition,
    • The act of an insurance company avoiding or reducing valid insurance claims.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage