A secret agreement between persons to defraud another, e.g., an insuredThe entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. driver of an automobile and his passenger may misrepresent the facts of an accident in order to have monies paid to the passenger under the insured’s automobile insuranceInsurance coverage that provides indemnity and/or compensation for injury or physical damage which ensues from the ownership, use or operation of an a....