Since June 16, 2020, the DOI has issued eight decisions revoking the nonresident producer licenses of eight individuals in Massachusetts.
Insurance Producer Licensing | Massachusetts Division of Insurance
The DOI Special Investigations Unit was involved in a total of 29 special investigations during 2019.
The revocations were for the insurance producer’s failure to report administrative actions.
A Pennsylvania insurance agent caught submitting 225 bogus applications to get advance commissions fined in Mass. for failing to report license revocation.
The Massachusetts Division of Insurance revokes a nonresident producer license and fines the licensee $4,000.