Any person who knowingly and with intent to defraud any insurance company or other person files an application or
commercial insurance or a statement of claim for any commercial or personal insurance benefits containing any materially
false information, or conceals for the purpose of misleading, information concerning any fact material thereto, and any
person who, in connection with such application or claim, knowingly makes or knowingly assists, abets, solicits or conspires
with another to make a false report of the theft, destruction, damage or conversion of any motor vehicle to a law enforcement
agency, the department of motor vehicles or any insurance company, commits a fraudulent insurance act, which is a crime,
and shall also be subject to a civil penalty not to exceed five thousand dollars and the value of the subject motor vehicle or
stated claim for each violation.