IFAwebnews » cease and desist

N.D. insurance agent allegedly pockets premiums, accepts unlawful loan

Jaime L. Brockway — Tue, 20 Dec 2011 13:43:28 +0000

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.

N.D. insurance agent allegedly pockets premiums, accepts unlawful loan via IFAwebnews.

Va. businessman guilty in multi-million dollar insurance fraud scheme

Jaime L. Brockway — Wed, 20 Apr 2011 08:33:57 +0000

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.

Va. businessman guilty in multi-million dollar insurance fraud scheme via IFAwebnews.

N.C., N.J. entities ordered to stop Internet health plan sales in Conn.

Bob Graham — Tue, 05 Apr 2011 12:07:05 +0000

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.

N.C., N.J. entities ordered to stop Internet health plan sales in Conn. via IFAwebnews.

La. insurance agent busted for failing to remit $12,884 in premiums

IFAwebnews Staff — Thu, 08 Jul 2010 10:35:48 +0000

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.

La. insurance agent busted for failing to remit $12,884 in premiums via IFAwebnews.

Florida orders Texas surety insurer to stop selling in state

IFAwebnews Staff — Mon, 21 Jun 2010 12:51:01 +0000

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.

Florida orders Texas surety insurer to stop selling in state via IFAwebnews.

Maine orders American Trade Association to pay $1.2 million penalty

Keith L. Martin — Tue, 18 May 2010 11:52:18 +0000

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.

Maine orders American Trade Association to pay $1.2 million penalty via IFAwebnews.

S.C. orders emergency order against unlicensed medical care provider

Keith L. Martin — Fri, 14 May 2010 12:06:53 +0000

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.”

S.C. orders emergency order against unlicensed medical care provider via IFAwebnews.

Texas life settlement firm, run by ‘recidivist,’ put in receivership

Keith L. Martin — Thu, 06 May 2010 13:08:22 +0000

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.

Texas life settlement firm, run by ‘recidivist,’ put in receivership via IFAwebnews.

Judge orders liquidation of American Trade Association, Smart Data

Keith L. Martin — Wed, 28 Apr 2010 17:35:06 +0000

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.

Judge orders liquidation of American Trade Association, Smart Data via IFAwebnews.

La. agent has license suspended over alleged failure to remit premiums

Keith L. Martin — Fri, 09 Apr 2010 12:37:42 +0000

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.

La. agent has license suspended over alleged failure to remit premiums via IFAwebnews.