The Massachusetts Division of Insurance issued two separate decisions involving producer licensing violations which resulted in fines of $2,250.
MA Law | DOI Insurance Licensing Cases | Agency Checklists
An archive of insurance licensing cases and decisions by the Massachusetts Division of Insurance involving Resident & Non-Resident Producers in the Commonwealth.
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.
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.
Mass. Agent Who Disappeared With Insureds’ Premiums Surrenders License And Avoids Fines
A Lowell-based insurance producer, who disappeared with insureds’ premium payments, is allowed to surrender his licenses.
Mass. DOI Revokes Producer License for False Statement and Assesses A $1500 Fine
A producer fined $1500 who did not disclose a felony guilty plea or his subsequent loss of license in California.
