La. Dept. Serves Cease and Desist Order on Agent

March 27, 2003

Louisiana’s Department of Insurance Fraud Unit investigators served cease and desist orders to Linda Foxworth McMillan and A Aabco Insurance Agency of Bogalusa, prohibiting both from conducting any kind of insurance business in the state of Louisiana, according to acting Insurance Commissioner J. Robert Wooley.

Evidence presented to the Department of Insurance shows that McMillan had allegedly collected premium payments and issued bogus proofs of insurance statements to a number of individuals during the almost two years since her insurance license expired. Violations listed in the cease and desist order include acting as a producer (agent) without being licensed by the Department of Insurance and converting to her own use money held by her in a fiduciary capacity.

In one instance, McMillan allegedly collected payments for insurance, issued a written statement saying there was insurance coverage and never made any application to an insurance company for coverage. At the time, she reportedly was not licensed to sell any kind of insurance.

Department of Insurance records show that McMillan had a Property and Casualty insurance license from Aug. 24, 1999, until May 1, 2001, as did her agency, A Aabco Insurance Agency. Other addresses listed in Department records in connection with McMillan and/or her agency include 143 Shenandoah St., Bogalusa; 316 S. Broad St., New Orleans; and P.O.Box 2780, Covington.

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