A Bismarck, N.D., insurance agent and his agency were served a cease and desist order Dec. 15 for allegedly borrowing money from a client and misappropriating another client’s premium payments for personal use.

A Richmond, Va., businessman, whose companies were barred from selling in Virginia for 120 days, pleaded guilty to participating in an investment scheme involving a handful of insurance companies.

Connecticut’s insurance commissioner has issued a cease and desist order against companies in New Jersey and North Carolina, and against a New Jersey man for marketing limited health benefit plans in the state without licenses.

An independent insurance agent from West Monroe, La., was arrested July 6 by Louisiana State Police after he allegedly failed to remit $12,884 in premium payments and other insurance law violations.

Infinity Surety, a Saginaw, Texas-based surety insurance provider, was ordered to stop selling bonds in Florida they were not authorized to transact the business in the state, according to state records.

Following up on an emergency cease and desist order issued last month, Maine regulators are prohibiting a Tennessee company and its operators from continuing activity in the state and have ordered the firm to pay of $1.2 million in civil penalties.

Regulators in South Carolina have issued an emergency cease and desist order against two state residents and several individuals and companies, in what they are calling a “nationwide, multimillion dollar health insurance fraud scheme.”

The Texas State Securities Board has been granted receivership of a life settlements firm accused of fraud in collecting $65 million from investors and using deceptive practices in the sale of investments tied to insurance death benefits.

A Tennessee judge has ordered the closure and liquidation of two health providers sanctioned by regulators across the U.S. for allegedly failing to provide adequate services to customers.

A Baton Rouge, La., agent has 30 days to make his case regarding allegations of failing to remit premiums or face the loss of his license.