A Monroe, La., insurance producer has been served with a cease and desist order alleging various unauthorized actions including false information on insurance applications, altering or forging names on checks and electronic transfer forms, and receiving commissions based upon fraudulent applications.
Jerry Dool’s producer license has been revoked by the Louisiana Department of Insurance and he has been issued a fine of $4,500 based on these violations.
The lists 21 separate cases involving tens of thousands of dollars’ worth of life insurance policies for which the alleged applicants said they did not apply.
Dool has 30 days from the time of service to request an administrative appeal or the above actions will become final.
Source: Louisiana Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
Camp Mystic Seeks Bankruptcy to Settle Texas Flood Wrongful Death Claims 
