(1) In this section, “insurance fraud” means the presentation of any statement, document or claim, or the preparation of a statement, document or claim with the knowledge that the statement, document or claim will be presented, that the person knew or should have known contained materially false, incomplete or misleading information concerning any of the following: (a) An application for the issuance of an insurance policy. (b) A claim for payment, reimbursement or benefits payable under an insurance policy. (c) A payment made in accordance with the terms of an insurance policy. (d) A premium on an insurance policy. (e) The rating of an insurance policy.