Insurance Department Revokes Nonresident Insurance Producer License
BOISE ID – Criminal charges involving financial theft have led the Idaho Department of Insurance to revoke the Nonresident Insurance Producer License of Daniel Charles Dias, Chula Vista, California, effective July 23, 2018. Dias is facing two felony counts of financial theft exceeding $10,000, and one misdemeanor count of theft of funds in an amount not exceeding $950 in Superior Court in San Diego, California. Dias has been ordered to immediately return his Idaho Nonresident Producer License, which he has continuously held since May of 2013.
In accordance with Idaho Code § 41-1016(2)(a), the Director shall revoke or refuse to continue any insurance producer license issued under title 41, chapter 10, Idaho Code, where the Director has received a final order of suspension, revocation or refusal to continue issued by the insurance official or court of jurisdiction of the licensee’s home state.
The California Insurance Commission issued Dias an order of Immediate Suspension and Removing from Office and Employment with Production Agency. Such action prohibits Dias from participating in any manner in the business of an insurer or insurance production agency, or from acting as an individual insurance producer. “Our responsibility is to protect consumers by ensuring that all insurance producers are operating legitimately and following the law against fraud within Idaho,” said Director Dean Cameron.