Since June 16, 2020, the DOI has issued eight decisions revoking the nonresident producer licenses of eight individuals in Massachusetts.
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.
The DOI Special Investigations Unit was involved in a total of 29 special investigations during 2019.
The Massachusetts Division of Insurance issued two separate decisions involving producer licensing violations which resulted in fines of $2,250.
A Pennsylvania insurance agent caught submitting 225 bogus applications to get advance commissions fined in Mass. for failing to report license revocation.
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.