A Pennsylvania insurance agent caught submitting 225 bogus applications to get advance commissions fined in Mass. for failing to report license revocation.
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.
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.
Three Producers Lose Licenses & Are Fined For Failure To Report Out-Of-State Administrative Actions
Three producers who had license issues relating to (1) attempted burglary, (2) Taking the fifth amendment on possible policy fraud, and (3) an illegible fingerprint card; lose their Massachusetts licenses and are fined a total of $5000.
