June 15, 2014 – A look at what can happen to a producer who runs afoul of criminal laws independent of any insurance laws.
agent fines
Massachusetts Division of Insurance Revokes Agent’s License and Fines Him $3000
In a Summary Decision issued yesterday, the Massachusetts Division of Insurance Hearing Officer revoked all insurance producer licenses issued to James Timothy Shelnut in Massachusetts. The Division of Insurance also fined Mr. Shelnut $3,000 and prohibited him from directly or indirectly transacting or acquiring any insurance business in the Commonwealth of Massachusetts and that he […]
