I applaud the IDOI for taking the aggressive action on this individual. Obviously, this agent has more problems besides stealing premiums. She needs alot of help, but first better make restitution to the policyholders. I am sure her E & O carrier will deny any claims because of the criminal nature of her acts.
\”He said her customers likely lost more than $1 million, counting premium fees and expenses they incurred while uninsured.\”
In California, payment to a broker or agent is payment to insurance company…the ins company takes the credit risk by accepting biz from producer
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I applaud the IDOI for taking the aggressive action on this individual. Obviously, this agent has more problems besides stealing premiums. She needs alot of help, but first better make restitution to the policyholders. I am sure her E & O carrier will deny any claims because of the criminal nature of her acts.
\”He said her customers likely lost more than $1 million, counting premium fees and expenses they incurred while uninsured.\”
In California, payment to a broker or agent is payment to insurance company…the ins company takes the credit risk by accepting biz from producer