Licensed insurance producers may sell annuities in Massachusetts, including indexed annuities without having security designations, albeit with caveats.
MA Law | Criminal Charges
Insurance law cases in Massachusetts resulting in criminal charges.
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.
Previously Convicted Insurance Fraudster Rearrested for Premium Fraud and False Insurance Certificates
A Worcester man, previously convicted of insurance fraud, has been rearrested nine years later for the same type of fraud.
Accurate Collision Auto Repair Shops & Owner Indicted On 75 Counts For Defrauding 11 Insurers Of $170,000
A grand jury has indicted Accurate Collision and its owner, Adam Haddad, for insurance fraud involving eleven insurers.
