A Baton Rouge, La., preacher who allegedly used the identity of a 2-year-old to obtain an insurance license was ordered to stop conducting business by state regulators and fined $100,000.
A Louisiana preacher faces numerous charges after being accused of falsely obtaining a state insurance license and receiving commission on a policy for a person that never existed.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.