A Vidalia Insurance Agent Issued Cease and Desist Order, License Revocation and Fine Notice
Released: April 7, 2009
A Vidalia life insurance agent has been issued a cease and desist order, license revocation and fine notice today for alleged misappropriation of insurance premiums.
William Christopher Jackson, 38, was served by Department of Insurance
Fraud Section Investigators today with an order to cease and desist
from conducting the business of insurance in Louisiana, revocation
of his license and a $3,000 fine notice for allegedly failing to
remit to an insurance company $3,061.70 in premiums he collected
between September and November 2008. A bond on deposit in the amount
of $1,622.65, including interest was applied to the outstanding balance
owed the company, leaving Jackson indebted for the sum of $1,419.23.
Department records show that Jackson was issued an Industrial Fire
license and a Home Service license in February 2007, both of which
were valid until today’s action.
Commissioner Donelon urges consumers who feel uneasy about any
insurance related transaction to call the Department of Insurance
Fraud Section at 225-342-4956 or 1-800-259-5300. If callers do
not want their names used, they can request that their involvement
be kept confidential.