The Massachusetts Division of Insurance issued two separate decisions involving producer licensing violations which resulted in fines of $2,250.
Regulation & Compliance
Division of Insurance Dismisses Point Insurance’s Complaint Against Arbella For Improper Practices
The Mass. Division of Insurance has denied a complaint by an insurance agency that Arbella Ins.’s underwriting actions were unfair, unreasonable, or improper.
Insurance Producer Who Lost Home State License For False Applications Fined $750 In Massachusetts For Failing To Report
A Pennsylvania insurance agent caught submitting 225 bogus applications to get advance commissions fined in Mass. for failing to report license revocation.
Massachusetts Stays The Course As The 12th Largest Insurance Marketplace
A brief synopsis of the major take-aways from Volume 2 of the 2019 Insurance Department Resources Report.
Producer With Revoked Insurance License Charged In Fraudulent Annuity Sale
A producer who lost his license in 2016, for fraud and forgery now charged with selling a nonexistent annuity to a trusting client of his financial planning business.
