Va. GEICO agent loses Md. license for altering her policy

Advertisement

A former agent of the Government Employees Insurance Co. (GEICO) had her insurance license revoked for providing inaccurate information on her insurance application to obtain more favorable rates, according to the Maryland Insurance Administration.

Jeanette G. Desruisseaux, of Norfolk, Va., was terminated from her job with GEICO because she “used fraudulent or dishonest practices and demonstrated untrustworthiness in the conduct of the business of insurance,” according to an April 9, 2009, letter to the MIA from GEICO.

GEICO said in the letter that Desruisseaux provided incorrect, misleading and untrue information on her insurance application for her personal vehicle so she could obtain more favorable rates not appropriate for the risk, records show.

In July 2009, Desruisseaux told the MIA she would surrender her license, but never followed up with state regulators. As a result, the MIA revoked her license Feb. 8.

She had obtained a non-resident insurance agent’s license in Maryland in May 2008.

This article first appeared in the July 2010 edition of Insurance & Financial Advisor.

Leave a Comment

Follow IFAwebnews: 
Important links and updates throughout the day via Twitter Join IFAwebnews’ Insurance News group on LinkedIn.com Become a fan of IFAwebnewss Insurance News on Facebook Feeds for all the ourinsurance news or just the lines you need. Insurance news delivered to your inbox
© 2012 New Horizon Group, Inc. :: Insurance & Financial Advisor | IFAwebnews.com :: NS 173 queries. 0.449 seconds.
Entries RSS Comments RSS