Former La. Agent Arrested for Alleged Felony Theft, Fined $10K

June 8, 2007

A former Shreveport, La., insurance agent has been arrested, issued a cease and desist order and served with a $10,000 fine notice for alleged felony theft and filing false public documents, the Louisiana Department of Insurance announced.

Kristin Lakvold Childers, 42, was arrested by the State Police Insurance Fraud/Auto Theft Unit and served by Department of Insurance Fraud Section Investigators with an order to cease and desist from engaging in the business of insurance and a fine notice.

It is alleged that Childers submitted a fraudulent license renewal application to the Department of Insurance in 2004, by not disclosing her prior criminal record. She also made false statements to two insurance companies with regard to her criminal background. She is further alleged to have fraudulently written approximately 70 applications for insurance and forged names on the applications for her own monetary benefit.

Records indicate that in 2003, Childers plead guilty to felony theft in excess of $500. Department records show that Childers held a Life/Health license from April 2003 until May 2006.

Source: Louisiana Department of Insurance

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