Kauai Producer Penalized For Misappropriating Premiums

May 3, 2007

Hawaii Insurance Commissioner J.P. Schmidt has suspended the license of insurance producer Meredith Dabin for the misappropriation of premium monies.

Dabin, a Kauai resident, collected premium monies for the renewal of a client’s motor vehicle policy, but failed to remit the payment to the insurance company or renew the insurance coverage in a timely manner. She also altered policy records without the policyholder’s authorization. Although she initially failed to be forthright about the incident, Dabin subsequently repaid the premium monies when confronted about the incident after the policyholder’s coverage had lapsed.

Source: DCCA

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