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 Salix, Pa. man has lost his Pennsylvania insurance license after regulators discovered he misappropriated more than $800,000.

An Opelousas, La., insurance agent was arrested on two counts of unfair trade practices after allegedly misappropriating two clients’ funds.

An insurance agent in Baton Rouge, La., was suspended and faces the possible revocation of his insurance license for allegedly misappropriating premiums.

A Fargo, N.D., insurance agent was issued a cease and desist order, prohibiting him from engaging in the business of insurance in the states, after regulators accused him of misappropriating a client’s money.

A Pittsburgh-based insurance agency was shut down by Pennsylvania insurance regulators for allegedly misappropriating $1 million premiums in what appears to be a pattern over a two-year period.

A Herndon, Va., man was barred by the Financial Industry Regulatory Authority (FINRA) after he misappropriated more than $8,500 in customers’ funds to qualify for a sales incentive program.

A Wayne, N.J., insurance agent was sentenced to New Jersey state prison for five years for misappropriating more than $300,000 in insurance premiums.

The chief executive of the now-defunct Northern Financial Group insurance brokerage in Bayonne, N.J., pleaded guilty to misappropriating more than $300,000 in insurance premiums from Lincoln General Insurance Co.

A life insurance agent has lost his license after using his mother’s name and address on a client’s application for an annuity, then tious annuity application has had his insurance license revoked.