In total, the Division of Insurance issued six insurance producer license hearing decisions in June 2020.
Losing your Insurance Agent License in Massachusetts? Insurance License Fines in Massachusetts
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.