La. Agent Shut Down, Booked on Fraud Charges

May 1, 2003

A Shreveport, La., agent was shut down and booked on charges of felony theft and misappropriation, the second such shutdown of an
agent in as many days, Insurance Commissioner Robert Wooley announced.

Janet Hart Musick was arrested at her present business address in Shreveport by the State Police Fraud Unit. She was booked into the Caddo Parish Prison for alleged felony theft in excess of $500 and misappropriation of insurance premiums.

Department of Insurance Fraud Unit investigators served Musick with a Cease and Desist order and a summary suspension of her insurance licenses. The joint operation was part of an ongoing team effort of the Department of Insurance and State Police Fraud Units to eradicate agent (producer) fraud in the state of Louisiana.

The order states that Musick reportedly misappropriated funds and/or issued bogus written statements of insurance coverage on a dozen separate occasions. She is prohibited from engaging in any activity relating to the business of insurance.

Department of Insurance records show that Musick first received a life and health license in 1986 and a property/casualty license in 1992.

Both licenses were current at the time of the shutdown and arrest.

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