Wis. Office Takes Action Against Agents, Companies

Wisconsin’s Office of the Commissioner of Insurance (OCI) has taken the following administrative actions. In many of these cases the respondent denied the allegations but consented to the action taken. OCI is responsible for overseeing the operations and marketing of insurance companies and agents in Wisconsin.

Allegations and Actions Against Agents:

Jeremy R. Flahaven of Lakemoor, Ill., paid a forfeiture of $50.00 and has had his insurance license revoked.This action was based on allegations of violating health insurance replacement laws, failing to respond, and failing to appear for prehearing and hearing.

Charles W. Jehn, Schofield, Wis., agreed to surrender his insurance agent license. This action was based on allegations of assisting an unlicensed insurer to do insurance business without proper authority.

James J. Kislow, Rothschild, Wis., agreed to pay $10,500.00 for unpaid claims incurred and to cease assisting unauthorized insurers. This action was based on allegations of assisting an unlicensed insurer to do an insurance business without proper authority.

Vikram V. Naik, Brookfield, Wis., agreed to pay a forfeiture of $500.00 and agreed to a suspension of his license for 30 days. This action was based on allegations of forging an applicant’s signature on life insurance applications and misapplying funds received from the client to pay the initial insurance premium.

Tiffany Ann Rullan, Colorado Springs, Colo., agreed to pay a forfeiture of $250.00, agreed to respond promptly to inquiries from OCI, and agreed to a denial of her application for an insurance license for 30 days. This action was based on allegations of failing to disclose administrative action taken by the state of Maine on an insurance license application and nonresponse to OCI’s request for information.

Roger G. Simm, Butler, Wis., was ordered to pay a forfeiture of $3,308.00 and has had his insurance license revoked. This action was based on allegations of utilizing premiums for his own use and not submitting applications to the insurer. Agent Simm did not appear at the hearing or prehearing.

Johnny C. Smith, Milwaukee, Wis., has had his application for an insurance license denied. This action was based on allegations of a criminal conviction substantially related to insurance marketing type conduct.

Allegations and Actions Against Companies:

American International Life Assurance Company of New York, New York, N.Y., paid a forfeiture of $500.00. This action was based on allegations of failing to file a required financial statement by the due date.

Guarantee Trust Life Insurance Company, Glenview, Ill., paid a forfeiture of $1,000.00 and was ordered to provide the information requested and reply promptly in writing to all inquiries from the commissioner. This action was based on allegations of failing to respond promptly to inquiries from OCI.

Pro-Tech Vehicle Service Contracts Corp., Dallas, Texas, has had its insurance license revoked. This action was based on allegations of failing to file a required financial statement by the due date and failing to respond to requests for information regarding warranty plan security requirement.

Zurich Services Corporation, Schaumburg, Ill., paid a forfeiture of $500.00. This action was based on allegations of failing to file a required financial statement by the due date.