Oregon’s Department of Consumer and Business Services has revoked the license of a Seattle-area insurance agent who collected more than $135,225 worth of premiums from dental specialists in Oregon but did not actually provide the insurance.
From late 2001 through May 2009, Brenda L. MacLaren-Beattie convinced 18 oral and maxillofacial surgeons in Oregon to buy business insurance from her, DCBS said. The policies would have protected buyers from such things as theft or a client’s fall on their property. However, while the agent collected premiums on dozens of policies, she was not appointed to represent the insurers she said she represented, and she never purchased insurance. She did, however, bill the victim business owners.
As part of the June 29 order against her, MacLaren-Beattie agreed never to seek an insurance license in Oregon or work in the industry. The order is at: http://insurance.oregon.gov/admin_actions/actions_2010/producer_2010/10-06-001.pdf.
Washington insurance regulators ordered MacLaren-Beattie to stop selling insurance in September 2009, as a result of similar violations in that state.
Source: DCBS
Was this article valuable?
Here are more articles you may enjoy.
Toyota’s China JVs Recall 560,000 SUVs Over Seat Safety Risk
Car Insurer First Central Is Said to Tap Banks for London IPO
Hail A Growing Loss Driver on Rising Tide of Severe Convective Storm Risk, Allianz Says
Bessent Says Hormuz Ships Insurance Program to Start Soon