A Pennsylvania insurance agent caught submitting 225 bogus applications to get advance commissions fined in Mass. for failing to report license revocation.
Losing your Insurance Agent License in Massachusetts? Insurance License Fines in Massachusetts
License Revoked and Fined For Failure To Report Actions on Insurance Producer Application
The Massachusetts Division of Insurance revokes a nonresident producer license and fines the licensee $4,000.
A Review of the Mass. Division of Insurance 2018 Q3 Enforcement Fines
For the Third Quarter, there was a marked decrease in the amount of fines imposed by the Division of Insurance as compared to both Q1-2018 and Q2-2018.
Mass. DOI Hearing Officers Revoke Two Producers’ Licenses and Impose Fines Totaling $2,500
Division hearing officers revoke and fine two nonresident producers for failure to report criminal charges and out-of-state administrative actions.
Mass. Division of Insurance 2018 Q2 Enforcement Fines Over $98,000
The huge increase in the amount of DOI Fines this quarter can be attributed to its enforcement action involving Life Insurance Company of Southwest.
