Arbella cancelled Rapo & Jepsen alleging premium fraud now the DOI has filed to revoke the agency’s and its owner’s licenses.
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.
A Fraudulent Bond Scheme Leads To A Producer’s License Revocation And Fine
Over 20 contractors around the country paid $2.2 million in ‘premiums’ for bid, payment, and performance bonds that did not exist. One of the agents involved escaped indictment but lost his insurance licenses and was fined by the DOI $3,500.
Producer’s Unreported Criminal Case Leads to $1,500 Fine And License Revocation
February 26, 2017 – A nonresident producer agreed to a $250 forfeiture in Missouri for her failure to disclose a prior criminal case but her further failure to report that fine to other states resulted in nine license revocations and a $1500 fine in Massachusetts.
Producer’s Driving Under Pleas Eventually Lead to $5,000 Fine And License Revocation
February 14, 2017 -After four DUI pleas, resulting in a restricted producer license that was not reported as an administrative proceeding, a producer eventually loses all his non-resident and resident licenses in addition to being fined $5,000 by Massachusetts.
Nolo Contendere Plea Leads To License Revocation And $2,000 Fine
August 29, 2016 – Mr. Draper’s case shows once again that Massachusetts takes a very hard line on its licensed producers, whether resident or nonresident, for failing to report administrative actions involving their producer licenses in other states.
